What is Zcash (Zcash)?

Before Zcash, cryptocurrencies were mostly designed to be “ pseudonymous ” like Bitcoin (BTC), meaning data about the amount users exchanged, the addresses they sent funds to and the addresses they received funds from were always recorded on the blockchain for all to see.

What is the difference between ZCash and Bitcoin?

Like Bitcoin, ZCash also has an including its open-source code, but their major differences lie in the level of privacy and fungibility that each provides. ZCash is a cryptocurrency with a decentralized blockchain that seeks to provide anonymity for its users and their transactions.

What is a shielded transaction in Zcash?

A shielded transaction uses a type of zero-knowledge proof called zk-SNARKs, which provides anonymity to the coin holders in the transaction. Zcash coins are either in a transparent pool or a shielded pool.

What information is sent from Zcash to the public blockchain?

ZCash Transaction: Wallet XXXXXX sent X.X ZEC to wallet XXXXXX on March 1st 2018 at 1pm As you can see, the only information that is sent to the public blockchain is the date and time of the transaction. This is what makes ZCash a truly private and untraceable blockchain!