Zcash (Zec) can be defined as a crypto money initiative focused on privacy, aiming to serve in all areas of the global economy.
The zcash team regards privacy as one of the most fundamental human rights and believes that in addition to personal privacy, corporate privacy has an important place in the business world. With Zcash's privacy-focused code, users can control their personal data. The privacy offered by Zcash can strengthen social ties and provide freedom in democratic elections.
Zcash started operations on October 28, 2016 and started to operate on October 28, 2016. Scientific development and research was carried out before the launch. For the best possible storage of data, experts and hackers have worked with the field. Zcash investors include companies such as Pantera Capital, Digital Currency Group, Fenbushi Capital, and David Dacus, Roger Ver, Alan Fairless and many others. Zcash, on the other hand, did not organize mass funding campaign before it started.
Zcash also has a special application. Users can create wallets through the Zcash application. There are two types of addresses that belong to Zcash; addresses that start with the letter ‘T’ are exactly like Bitcoin and can be seen by any one of them. Other addresses start with the letter " Z " and are defined as ‘sheltered’ and provide high-level privacy and anonymity to users.
The number of Zcash tokens was limited to 21 million, just like in Bitcoin. At the time of writing this article, there are 3.9 million Zec in circulation. Zcash's biggest rivals include other stealth-focused crypto coins such as Sage, Monero and Dash.
Where Is It Taken?
Zec is traded in many crypto currencies. About 20% of Zec's volume is in Binance, one of the largest crypto money stock exchanges. Moreover, trading can be done on the Bit-Z exchange.
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