ZEC Token ZEC Token

$67.50 0.00% ZEC
Volume (24h)
$—
24h High
$67.50
24h Low
$67.50
Circulating Market Cap
$6,659,426,141
Total Market Cap
$6,659,426,141
Bid / Ask
$67.43 / $67.57

What is ZCash (ZEC)?

ZCash (ZEC) is a privacy-focused cryptocurrency that uses zero-knowledge cryptography to ensure that users can transfer funds securely and privately. It is an open-source cryptocurrency that uses a unique cryptographic protocol called zk-SNARKS to obfuscate the sender, receiver, and transaction amount. ZCash (ZEC) is based on a Proof-of-Work algorithm and utilizes a consensus mechanism called Equihash to secure its network.

For what is it used for?

ZCash (ZEC) is used for making transactions and payments, sending and receiving funds, and storing value securely and privately. It is supported by a growing number of online wallets and exchanges, enabling users to easily access and use the currency.

Who created it?

ZCash (ZEC) was created in 2016 by the Zerocoin Electric Coin Company, founded by Zooko Wilcox, a cryptographer and computer scientist. The company is dedicated to developing and maintaining the currency and has since become a widely-used digital currency.