$ZEC ZEC is the ticker symbol for Zcash, a cryptocurrency focused on privacy and anonymity. It was built using the original Bitcoin codebase but adds advanced encryption to hide transaction details.
Key Features
Optional Privacy: Unlike Bitcoin, where every transaction is public, Zcash gives you a choice:
Transparent Transactions (t-addr): Work exactly like Bitcoin; anyone can see the sender, receiver, and amount.
Shielded Transactions (z-addr): Fully encrypted. The sender, receiver, and amount are hidden from the public blockchain.
zk-SNARKs: This is the "magic" technology Zcash uses. It stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. It allows the network to verify that a transaction is valid without actually "seeing" the data inside it.
Scarcity: Like Bitcoin, Zcash has a hard cap of 21 million coins, making it a deflationary asset.
