Zcash (ZEC) is a decentralized cryptocurrency that aims to provide enhanced privacy and security for its users. It was created in 2016 by the Zerocoin Electric Coin Company and operates on a blockchain network that uses a unique protocol called zk-SNARKs, which allows for completely private and anonymous transactions. This makes Zcash a popular choice among individuals and organizations that value financial privacy and security.
In addition to the private transactions, Zcash also allows for transparent transactions, similar to Bitcoin, which allows for compliance with regulatory requirements. Zcash’s unique features and commitment to privacy have made it one of the most popular and widely used privacy-centric cryptocurrencies in the market.