The Ultimate Guide to Thorchain: Understanding RUNE, Savers, Price Predictions, and More - BazaObmena
Zcash is a decentralized cryptocurrency that focuses on privacy and anonymity for its users. Launched in 2016, it allows users to send and receive transactions without revealing their identities or the amounts involved. Unlike Bitcoin, which has a transparent ledger, Zcash uses advanced cryptographic techniques called zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge) to enable private transactions.
In Zcash, there are two types of addresses: transparent addresses (similar to Bitcoin, where transaction details are public) and shielded addresses (which provide enhanced privacy). Users can choose which type of address to use based on their privacy preferences.
Zcash operates on a proof-of-work consensus mechanism, similar to Bitcoin, and its supply is capped at 21 million coins. The project aims to offer users greater control over their financial information while maintaining a secure and efficient blockchain network.
The Ultimate Guide to Thorchain: Understanding RUNE, Savers, Price Predictions, and More - BazaObmena