Zcash

Zcash is a decentralized, open-source cryptocurrency that provides privacy and selective transparency for transactions. While Zcash payments are recorded on a public blockchain, the sender, recipient, and transaction amount remain confidential.

Built on an open-source platform using Bitcoin Core's proven codebase, Zcash enhances Bitcoin by adding privacy features. It employs advanced cryptographic techniques, specifically zero-knowledge proofs, to validate transactions without exposing additional details.

Understanding How Zcash Works

Zcash encrypts shielded transaction content. As the payment data is encrypted, it uses an innovative cryptographic method to confirm their authenticity.

Zcash utilizes a zero-knowledge proof construction known as zk-SNARK, developed by our team of skilled cryptographers drawing on recent cryptography breakthroughs. These constructions allow the network to uphold a secure ledger of balances without revealing involved parties or amounts. Rather than publicly showing spend-authority and transaction values, this information is encrypted and zk-SNARKs are employed to ensure no cheating or theft occurs.

Zcash also allows users to make public payments similar to Bitcoin. With support for both shielded and transparent addresses, users can opt to send Zcash privately or publicly. Payments sent from a shielded address to a transparent one reveal the received balance, while those from a transparent address to a shielded one conceal the receiving value.

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