What is the use of ZEC?

BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of the crypto community. Among its offerings, BTCC provides a robust spot trading platform, enabling users to buy and sell cryptocurrencies at current market prices.

ZEC, also known as Zcash, is a cryptocurrency that serves dual purposes. It is utilized for conducting transactions seamlessly, offering users a decentralized and secure means of value exchange. Additionally, ZEC functions as a reward mechanism for miners who contribute to the network's security and upkeep by solving complex mathematical problems.

Furthermore, BTCC expands its service portfolio to include futures trading, allowing traders to speculate on the future price movements of cryptocurrencies. This feature attracts advanced traders seeking to capitalize on market volatility and hedge against potential risks.

One of the distinguishing features of Zcash lies in its utilization of two distinct types of tokens. The first type is transparent tokens, which operate similarly to Bitcoin, providing a level of transparency where transactions can be viewed on the blockchain but not linked to specific users.

The second type of tokens employed by Zcash is shielded tokens. These tokens offer enhanced privacy to users through the implementation of zero-knowledge proofs. Zero-knowledge proofs allow transactions to be verified without revealing any sensitive information about the sender, receiver, or the amount being transferred.