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Zcash price

(ZEC)

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$1.2B
$212.5M
12.3M ZEC

About Zcash

Zcash is a cryptocurrency that offers two types of addresses: transparent addresses that are publicly visible on the Zcash blockchain and shielded addresses that are more private. Coinbase customers can receive Zcash from both transparent and shielded addresses and send Zcash to transparent addresses. Sending to shielded addresses is not supported at this time.

How it works

ZCash enables a range of public and private transaction types. Public addresses can send “shielded” transactions to private addresses, or transactions can either be fully private or fully public. ZCash makes use of Zero-Knowledge proofs (or “zk-SNARKS”) in order to keep information about the sender, receiver, and the transacted amount private whenever a “shielded” ZEC transaction is made. An optional “Memo” field can also be filled in whenever a user makes a payment. This field can only be accessed by the recipient, which could prove useful for a number of interesting use cases across the FinTech and DeFi spaces.

Keep in mind

The Zcash protocol was designed to evolve in-line with the needs of the community over time. Governed by the Zcash Improvement Proposal process, ZCash token holders can vote towards proposed changes and upgrades to the protocol.

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