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Zcash
Zcash is encrypted electronic cash and a decentralized cryptocurrency protocol for private peer-to-peer payments. It uses zero-knowledge encryption and is available through digital wallets and exchanges.
Distributed
Zcash Network
Description
A Layer 1 blockchain implementing zero-knowledge proof cryptography for optional transaction privacy. The network operates using Proof-of-Work consensus with the Equihash mining algorithm, processing blocks every 75 seconds. Zcash supports dual address types: transparent addresses for public transactions and shielded addresses using zk-SNARKs to encrypt sender, receiver, and amount data. The protocol maintains a 21 million coin supply cap with block rewards distributed to miners and ecosystem development funding. Users can choose transaction privacy levels and include encrypted memo fields for private messaging.Category: L1