Zcash, the crypto
Zcash (ZEC) is a decentralized cryptocurrency that provides enhanced privacy and selective transparency for its users. It was launched in 2016 and uses advanced cryptographic techniques such as zero-knowledge proofs to ensure anonymity of transactions.
The main point of Zcash (ZEC) is to enable private transacting on a public blockchain. Unlike Bitcoin, which is completely transparent, Zcash allows users to shield their transaction details from prying eyes while still using a decentralized network.
Zcash (ZEC) tries to solve the problem of privacy in cryptocurrency transactions. While Bitcoin is pseudonymous and most other cryptocurrencies are not completely transparent, Zcash aims to provide increased privacy for its users through the use of zero-knowledge proofs and other advanced cryptographic techniques.
We used an AI to answer three questions about ZEC, so take this info with a grain of salt.