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About Zcash(ZEC)
What is Zcash?
Zcash is a decentralized cryptocurrency launched in October 2016. It is designed to prioritize user privacy and anonymity. Originating as a fork of Bitcoin, Zcash maintains Bitcoin's robust architecture but enhances it with advanced privacy features. In Bitcoin's public ledger, all transaction details are revealed while Zcash offers "shielded transactions" that encrypt essential transaction information. While other privacy-focused cryptocurrencies like Monero and Dash exist, Zcash distinguishes itself through its use of zk-SNARKs, a technology that enables transaction verification without disclosing any details.
Resources
Official Whitepaper: https://github.com/zcash/zips/blob/main/protocol/protocol.pdf
Official Website: https://z.cash/
How Does Zcash Work?
Zcash stands out for its advanced privacy features, primarily enabled by zk-SNARK technology. In conventional cryptocurrency systems, the legitimacy of a transaction is verified by nodes on the network, which review the transaction's details. Zcash takes a different approach: it encrypts these details. With zk-SNARKs, Zcash can generate a proof that validates a transaction without exposing any specific information about it. This way, it's possible to confirm a transaction is legitimate without revealing the identities of the sender or receiver, or the amount being transferred.
Zcash is also versatile in that it offers users two transaction options: transparent and shielded. Transparent transactions function much like Bitcoin transactions, with full visibility on the blockchain. On the other hand, shielded transactions leverage zk-SNARKs to encrypt all transaction details. This flexibility allows Zcash to cater to a wide range of privacy preferences, giving users the ability to choose the level of privacy they desire.
What is Zcash Token (ZEC)?
ZEC is Zcash's native cryptocurrency token. Similar to how Bitcoin uses BTC, Zcash transactions happen in ZEC. The token has a maximum supply of 21 million, similar to Bitcoin, creating a sense of scarcity. ZEC stands out for its capability to facilitate shielded transactions, making it a preferred option for users seeking financial privacy.
Which Factors Affect Zcash Token (ZEC) Price?
Zcash is susceptible to market volatility, influenced by a range of factors. Regulatory developments can particularly impact its price, as global governments are still forming opinions on privacy coins. The overall crypto market sentiment, technological updates, and adoption rates of Zcash also contribute. Macroeconomic factors like inflation and geopolitical issues can also affect the Zcash price. As with all investments, it's crucial to perform your own research and be aware of the risks.
Zcash’s Impact on Finance
Zcash serves as more than just a cryptocurrency; it's a testament to the significance of privacy in financial dealings. In our data-vulnerable world, Zcash offers a level of financial freedom and personal autonomy. Its technology could extend beyond peer-to-peer transactions and influence various sectors like healthcare, governance, and supply chain management.
Conclusion
In summary, Zcash differentiates itself in the crowded cryptocurrency market through its commitment to user privacy and security. By utilizing advanced zk-SNARK technology, Zcash allows for encrypted, anonymous transactions, providing users with the choice of how much personal information to share. Its native token, ZEC, positions Zcash not just as a digital currency but also as a platform for secure, private financial interactions. With rising demand for online transaction privacy, Zcash's unique features make it an increasingly attractive choice for securing financial privacy.
ZEC to local currency
Crypto calculator- 1 ZEC to USD$22.32
- 1 ZEC to JPY22.315548
- 1 ZEC to VND22.315548
- 1 ZEC to RUB22.315548
- 1 ZEC to EUR (Español)22.315548
- 1 ZEC to TRY22.315548
- 1 ZEC to EUR (Italiano)22.315548
- 1 ZEC to EUR (Français)22.315548
- 1 ZEC to EUR (Deutsch)22.315548
- 1 ZEC to CNY22.315548
- 1 ZEC to TWD22.315548
- 1 ZEC to EUR (Português)22.315548
- 1 ZEC to IDR22.315548
- 1 ZEC to THB22.315548
- 1 ZEC to PLN22.315548
- 1 ZEC to UAH22.315548
- 1 ZEC to UZS22.315548
- 1 ZEC to SAR22.315548
- 1 ZEC to PHP22.315548
Trade ZEC perpetual futures
After having successfully signed up on Bitget and purchased USDT or ZEC tokens, you can start trading derivatives, including ZEC futures and margin trading to increase your income.
The current price of ZEC is $22.32, with a 24h price change of --. Traders can profit by either going long or short onZEC futures.
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Zcash Social Data
In the last 24 hours, the social media sentiment score for Zcash was 3.6, and the social media sentiment towards Zcash price trend was Bullish. The overall Zcash social media score was 93,506, which ranks 214 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Zcash being mentioned with a frequency ratio of 0.02%, ranking 182 among all cryptocurrencies.
In the last 24 hours, there were a total of 587 unique users discussing Zcash, with a total of Zcash mentions of 248. However, compared to the previous 24-hour period, the number of unique users increase by 3%, and the total number of mentions has decrease by 5%.
On Twitter, there were a total of 8 tweets mentioning Zcash in the last 24 hours. Among them, 63% are bullish on Zcash, 0% are bearish on Zcash, and 38% are neutral on Zcash.
On Reddit, there were 28 posts mentioning Zcash in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 3% . Additionally, there were 0 comments mentioning Zcash. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
Visão geral das redes sociais
3.6