Zcash is based on Bitcoin, however, with privacy as an improvement. Zcash is the first open, permissionless cryptocurrency that can protect the privacy of transactions using zero-knowledge cryptography. All Zcash payments are published on a public blockchain, but information such as the sender, recipient, and amount of a transaction remains private. Zcash was introduced 28 October, 2016.
The Zcash Company is a science-driven team, aiming to set a new standard for privacy through the use of groundbreaking cryptography. The ZCash team believes that companies need the protection of privacy, in addition to personal privacy to protect dignity, intimacy, and morality. Zcash aims to protect.
According to Zcash, they have a better blockchain
Below is an explanation from their website:
- FUNGIBLE CRYPTOCURRENCY – In order to remain equally interchangeable, units of cryptocurrency must be unlinked from their history so that one unit is as good as any other unit. Zcash brings fungibility to cryptocurrency by unlinking shielded coins from their history on the blockchain.
ENABLING NEW APPLICATIONS – Zcash is pioneering the use of zero-knowledge proofs, applying cutting-edge cryptography to blockchain technology. Zero-knowledge proofs allow fully encrypted transactions to be confirmed as valid. This new property will enable entire new classes of blockchain applications to be built.
UPHOLDING CONFIDENTIALITY – In the pre-digital currency world, both individuals and enterprises could justifiably assume that their financial transactions would be kept confidential. With Zcash, users can enjoy the advantages of using a public blockchain, while still being sure that their private information is protected.
What are zk-SNARKs?
Zcash is the first widespread application of zk-SNARKs, a form of zero-knowledge cryptography. Transactions in Zcash can be fully encrypted on the blockchain yet also verified as valid under the network’s consensus rules by using zk-SNARK proofs. Learn more about zk-SNARK.
If you are considering mining Zcash, here is the official Zcash 1.0 User guide at https://github.com/zcash/zcash/wiki/1.0-User-Guide
Other Mining resources
- Optiminer – Zcash Forum – BitcoinTalk
- Claymore – Zcash Forum – BitcoinTalk
- Genesis SGminer – BitcoinTalk
- EWBF Cuda – Zcash Forum – BitcoinTalk
- Nicehash EQM – (only works with nicehash) Zcash Forum – BitcoinTalk
- NEHQ – Zcash Forum
Connect to a mining Pool
More information on mining – Click here
Frequently asked questions – Click here
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