Zcash is a privacy-focused blockchain and cryptocurrency. It appeared in response to Bitcoin’s flaws. It used the same algorithm as Bitcoin, but it improved in many ways. Zcash has its own cryptocurrency called ZEC. It has been available for trade since October 2016.
Zcash started in 2013 with Zerocoin. It was developed by Matthew Green, currently a professor at John Hopkins University. Zerocoin used a special mathematical technique to conduct blockchain transactions. It is called zero-knowledge proofs. The most important was this proved that the content of transaction was anonymous even though transaction was publicly visible on a decentralized ledger. Although this technique was new, useful and interesting, it had some drawbacks. Zcash claims to improve all these points.
Let’s say you want to buy Zcash. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy ZEC.