What is Zcash?

 

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 Team

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.

 

The team that launched Zcash

 

 

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.

 

 

 

Technology

 

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.

 

Mining ZCash

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

CPU

  • Zcash Official Software – Github
  • Gateless Gate – (also works with some GPU’s) BitcoinTalk

AMD GPUs

Nvidia GPUs

Connect to a mining Pool

More information on mining – Click here

Frequently asked questions – Click here

 

Click here should you be interested in trading ZCash

 

 

Get your copy of What is Bitcoin

This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital, not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.

 

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