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What is Zcash all about
Zcash is a well-known privacy-focused cryptocurrency that shares the same code base as Bitcoin as well as a number of protocol similarities. Zcash is primarily focused on providing enhanced privacy and anonymity to its users using advanced cryptographic methods.
While Zcash is built to give users the ability to transact privately, it is possible to use the cryptocurrency without tapping into its full array of privacy features. Transactions can be made fully transparent on the Zcash blockchain, or they can be used as intended as fully private. In this case, a private address, called z-addr, uses zero-knowledge proofs to ‘shield’ transactions and the balance of the given account.
Zcash coins are held in different pools depending on whether they’re private or transparent. Transparent ZEC coins are held in a transparent pool, while private ZEC tokens are held in shielded pools. The latter is intended to keep tokens, transactions, and addresses private for those wanting to operate anonymously.
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ZEC Questions & Answers
Currently, what is the price of Zcash?
Today's price of Zcash is 159.76 Euro.
Is Zcash expected to increase in value in 30 days?
On the basis of our short term prediction, we expect, that Zcash's price is likely going to be between €102.19 and €178.34 in 30 days.
What was the price of Zcash at its highest?
The price of Zcash peaked on 2016-10-29, when it was at 2876.86 EUR.
What is the price of Zcash going to be in six months?
There is no easy way to make an accurate long-term prediction, however according to our prediction we suspect Zcash's cost is likely going to reach between €102.19 and €259.42 in half a year.
What price will Zcash reach 90 days from now?
On the basis of our price prediction we estimate that Zcash's value is likely going to be between €102.19 and €224.14 in three months.
Do online users engage in Zcash discussions?
0 individuals engaged in discussing Zcash online on Reddit in the last 48 hours. Zcash's official Twitter profile currently is followed by 0 users.
Is Zcash completely private?
When used with this goal in mind, Zcash allows people to send and receive ZEC without disclosing details like the sender, receiver or the amount transacted. When using a fully-shielded Zcash transaction, the sender, recipient and amount are encrypted and private.
How is Zcash different from Bitcoin?
Zcash is actually a fork of the Bitcoin codebase but a key differentiator from its predecessor is the ability to make ZEC transactions public or private. You don’t have that option when using the public Bitcoin blockchain. Zcash also has a faster block time and a bigger block size (2mb) than Bitcoin, providing faster and cheaper transactions.
How do you use Zcash with its privacy features?
A handful of third party wallets enable ZEC users to make use of shielded addresses and transactions while conventional exchanges like Coinbase will only execute transparent transactions. This leaves information about the sender, receiver and amount publicly viewable.
Do Zcash and Monero work the same way?
While Zcash and Monero are two of the most well-known privacy coins, their method of privacy protection differs on a technical level. Zcash makes use of zero-knowledge proofs to shield transaction data while Monero uses ring signatures that obscure the sender and recipient of a transaction.