ZEC
ZcashUSD 37.29
as of 2024-10-15 16:30:02 UTC
What
What is Zcash (ZEC)?
Zcash (ZEC) is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. It was created in 2016 by a team led by Zooko Wilcox, who is the current CEO of the Electric Coin Company (ECC). Zcash is based on the Zerocash protocol, which is an extension of the Bitcoin protocol that uses advanced cryptographic techniques to ensure the anonymity of transactions on the Zcash network. Zcash is also used for private transactions, where the sender, recipient, and transaction amount are kept private. The currency is based on a decentralized blockchain and is mined using a proof-of-work algorithm.
Why
Why was Zcash (ZEC) invented?
ZEC (Zcash) was created as a privacy-focused cryptocurrency. It uses a technique called zero-knowledge proofs, which allows for transactions to be verified without revealing the sender, recipient, or transaction amount. The goal of ZEC is to provide more privacy and security for users compared to other cryptocurrencies like Bitcoin.
Who
Who created Zcash (ZEC)?
ZEC is a cryptocurrency that was launched in 2016 by a team of cryptographers and privacy experts. The founding team includes Zooko Wilcox, Nathan Wilcox, and Eli Ben-Sasson.
Zooko Wilcox is a well-known figure in the cryptocurrency industry and has been involved in several blockchain projects. He is the founder of Zcash, the company that developed ZEC, and has served as its CEO since its inception. Wilcox has also worked on other privacy-focused projects, such as DigiCash and Mojo Nation.
Nathan Wilcox is a computer scientist and has been involved in several blockchain projects. He was part of the team that created ZEC and was responsible for the development of the platform's codebase. He has also contributed to other blockchain projects such as Ethereum.
Eli Ben-Sasson is a computer science professor and cryptography expert who was also part of the team that created ZEC. He is a co-founder of the Zerocoin Electric Coin Company, which later became the Zcash Company. Ben-Sasson has also worked on other privacy-focused projects, such as the Zerocoin protocol.
When
When was Zcash (ZEC) launched?
2016-10-28
Where
Where can you buy/invest in Zcash (ZEC)?