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Zcash
Zcash is a privacy-protecting digital currency built on a decentralized blockchain. It was the first cryptocurrency to use zero-knowledge proofs for private, peer-to-peer payments, offering both shielded (private) and transparent (public) transactions. As a decentralized protocol, it gives users control over their funds with low fees.
Distributed
Description
Zcash is a privacy-protecting digital currency built on a decentralized blockchain, often described as encrypted electronic cash. It pioneered the use of zero-knowledge proofs to enable private, peer-to-peer transactions where the sender, receiver, and amount can remain shielded. Users have the flexibility to choose between shielded (private) and transparent (public) addresses, giving them control over their privacy. Designed to be fair, open, and accessible, Zcash offers fast transactions with low fees and the ability to include private messages. The protocol's ongoing development is self-funded through a portion of the block reward, supporting a decentralized ecosystem of developers, wallets, and exchanges, aiming to provide a confidential, user-controlled alternative to traditional financial systems.Grant Funding
VC Funding
None
2016
$0
$1M