If you have been following our Articles on Crypto-Currencies, then you must have known quite much about Bitcoin and how it works.
It is no news that Bitcoin transactions are published on a public blockchain revealing the sender, recipient and amount of transaction.
This decentralized, open-source cryptocurrency with no privacy had raised concern that fanned the innovation of other Coins.
So let's talk ZCASH
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions.
Zcash payments are published on a public blockchain, but unlike Bitcoin, the sender, recipient, and amount of a transaction remain anonymous.
Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. It's improvement over Bitcoin is the addition of privacy.
Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
The interesting part is that Zcash also enables users to send public payments which work similarly to Bitcoin. With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value.
Research and reports has shown that it's more profitable and futuristic to engage in ZCASH mining especially if you're reserved.
Click ZCASH Mining to start now.