ZCash is a digital currency with a decentralized blockchain that gives secrecy to its clients and their exchanges.
As a cryptocurrency, ZCash is similar to Bitcoin from multiple points of view including the open-source highlight, however their significant contrasts lie in the degree of security and fungibility that each gives. The symbol for ZCash is ZEC.
The accomplishment of Bitcoin which was propelled in 2009 has made ready for many alternative cryptocurrencies, some of which have flourished, others which have miss the mark along the computerized track.
As the demand for privacy expanded as large information turned out to be effectively accessible, cryptocurrency clients started looking for other advanced currencies that could fill the privacy gap that Bitcoin was proved unable to.
Cryptocurrencies such as Monero and Dash give complex anonymization methods that obscure exchanges and the parties engaged in those exchanges.
Another cryptocurrency, ZCash, appears to give a much more noteworthy degree of fungibility by permitting its clients to remain totally unknown.
ZCash was established by Zooko Wilcox-O’Hearn in October 2016 in an effort to address an open financial framework with the privacy feature that web clients needed.
Bitcoin is a pioneer in the open financial framework, and ZCash looks to keep up a similar structure yet with security and fungibility included. So while Bitcoin is an open record framework, ZCash is an encrypted open record.