- Category: Privacy Coin
- Coin Launched: October, 2016
- Resources: White Paper
- Official Website: Zcash
- Reddit: Zcash
ZCASH History / Information / Buying / Staking
Zcash was founded in 2016 by cypherpunk, computer security expert and entrepreneur Zooko Wilcox-O'Hearn. He is also the founder of the for-profit Electronic Coin Company (ECC), which manages the development of Zcash.
HOW ZCASH WORKS
ZCASH uses a cryptographic method named zk-SNARKs, which means Zero-knowledge Proofs. This method enables both sender and receiver to carry out transactions without revealing each other's blockchain addresses or keys. It also makes those transactions untraceable on the blockchain by encrypting all the payment addresses and the transaction amount.
BENEFITS OF USING ZCASH
Some of the benefits of using ZCASH are:
THE ANOYMITY OF USERS TRANSACTIONS METADATA
SELECTIVE DISCLOSURE OF PAYMENT DATA TO A THIRD-PARTY
CAN YOU STAKE ZCASH
No you cant stake ZCASH however You can lend your Zcash to a custodial lending provider in return for a set APY.
OTHER METHODS TO MAKE MONEY WITH ZCASH
Two main ways to make money with Zcash are custodial lending providers in return for a set APY and mining
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