X

Feedback + Support

Need Assistance? Notice something missing or broken? Let us know!

Press esc to dismiss

project icon for zcash

Zcash

ZEC
$49.05
0.12%
Positive delta icon

Zcash is a cryptocurrency launched in late 2016 offering optional privacy features through zk-SNARK technology.

Overview

Project Stage

Live status icon
LIVE

Amount Raised

$1,010,000.00

Market Cap

$353.10M

Sector

Cryptocurrency

Blockchain

Native token icon

zCash

Funding Source

Equity Funding

Project Profile

Zcash relies on zk-SNARKs (zero-knowledge Succinct Non-interactive ARgument of Knowledge), a type of non-interactive zero-knowledge proof, to prove to viewers that a commitment for a transaction on the Zcash blockchain has been satisfied, without revealing the commitment’s details. This technology, combined with technical extensions to the original Bitcoin protocol, allows a Zcash user to obscure the sender, recipient, and value of a transaction. The only information visible is a proof that a valid transaction took place. A summary of zk-SNARKs’ uses can be found here. Notably, the privacy features are optional, in contrast to Monero’s default privacy features. Like many early altcoins, Zcash is a code fork of Bitcoin, but did not inherit prior Bitcoin balances at the time of fork. Zcash uses a 2.5 minute target block time, a max block size of 2mb, and a halving interval of four years.

Zcash is an implementation of zerocash, an extension to Bitcoin invented in 2014, and is designed to provide anonymous transactions by minting Bitcoin, or non-anonymous basecoins whose blockchain the Zerocash protocol is implemented besides, into anonymous Zerocash coins. Zerocash was an improvement over the prior zerocoin protocol meant to improve bitcoin by allowing “users to mix their own coin”, essentially by using cryptography to conceal which outputs are linked to which inputs. Zcash supports both ‘transparent’ transfers of value, which function similarly to Bitcoin transactions, and ‘shielded’ transfers of value, which utilize zk-Snarks to provide privacy features. Transparent addresses begin with ‘t’ and shielded addresses begin with ‘z’, though it is possible to send transactions between different address types.

Zcash privacy protections depend on the number of shielded transactions, as this determines the ‘anonymity set’ that obscures any individual transaction; throughout Zcash’s history, the overwhelming majority of transactions have not been shielded and have offered no protections beyond those on the Bitcoin network. Partially in response, the Sapling network upgrade improved shielded transactions’ efficiency by reducing the amount of data needed to be stored on-chain. Multi-signature transactions can be used with transparent transactions.

Asset Details

Zcash ues the Equihash Proof of Work algorithm, which allows for very efficient memory-oriented mining optimized for CPU/RAM. The Zcash monetary base is the same as Bitcoin, but, of the maximum 21 million ZEC currency units mined over time, 90% will be distributed to miners and 10% will be distributed as a Founder’s Reward over the first four years to a combination of investors, founders, and the ZCash Company, which oversees primary development of the protocol. Early investors in ZCash include Pantera Capital, Digital Currency Group, Fenbushi Capital, and Naval Ravikant among others, who purchased 131,250 ZEC for $2 million. After four years, the reward per block halves, and all of the block rewards accrue to miners. Zcash’s Founder’s Reward design is an early attempt with the cryptoasset space to align stakeholders and motivate, in particular, the core developers to continue work on the protocol through the Zcash Company. The network was launched in October 2016 with a trusted setup process, where the Zcash founder Zooko Wilcox and early cryptocurrency adopters such as Coin Center’s Peter Van Valkenburgh and Bitcoin developer Peter Todd participated in a transparent process to generate the cryptographic keys necessary for launching the network.

project icon for zcash

Zcash

ZEC
$49.05
0.12%
Positive delta icon
Zcash is a cryptocurrency launched in late 2016 offering optional privacy features through zk-SNARK technology.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
LIVE
$353.10M
Native token icon

zCash

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Equity Funding

$1.01M

Cryptocurrency

Project Profile

Zcash relies on zk-SNARKs (zero-knowledge Succinct Non-interactive ARgument of Knowledge), a type of non-interactive zero-knowledge proof, to prove to viewers that a commitment for a transaction on the Zcash blockchain has been satisfied, without revealing the commitment’s details. This technology, combined with technical extensions to the original Bitcoin protocol, allows a Zcash user to obscure the sender, recipient, and value of a transaction. The only information visible is a proof that a valid transaction took place. A summary of zk-SNARKs’ uses can be found here. Notably, the privacy features are optional, in contrast to Monero’s default privacy features. Like many early altcoins, Zcash is a code fork of Bitcoin, but did not inherit prior Bitcoin balances at the time of fork. Zcash uses a 2.5 minute target block time, a max block size of 2mb, and a halving interval of four years.

Zcash is an implementation of zerocash, an extension to Bitcoin invented in 2014, and is designed to provide anonymous transactions by minting Bitcoin, or non-anonymous basecoins whose blockchain the Zerocash protocol is implemented besides, into anonymous Zerocash coins. Zerocash was an improvement over the prior zerocoin protocol meant to improve bitcoin by allowing “users to mix their own coin”, essentially by using cryptography to conceal which outputs are linked to which inputs. Zcash supports both ‘transparent’ transfers of value, which function similarly to Bitcoin transactions, and ‘shielded’ transfers of value, which utilize zk-Snarks to provide privacy features. Transparent addresses begin with ‘t’ and shielded addresses begin with ‘z’, though it is possible to send transactions between different address types.

Zcash privacy protections depend on the number of shielded transactions, as this determines the ‘anonymity set’ that obscures any individual transaction; throughout Zcash’s history, the overwhelming majority of transactions have not been shielded and have offered no protections beyond those on the Bitcoin network. Partially in response, the Sapling network upgrade improved shielded transactions’ efficiency by reducing the amount of data needed to be stored on-chain. Multi-signature transactions can be used with transparent transactions.

Asset Details

Zcash ues the Equihash Proof of Work algorithm, which allows for very efficient memory-oriented mining optimized for CPU/RAM. The Zcash monetary base is the same as Bitcoin, but, of the maximum 21 million ZEC currency units mined over time, 90% will be distributed to miners and 10% will be distributed as a Founder’s Reward over the first four years to a combination of investors, founders, and the ZCash Company, which oversees primary development of the protocol. Early investors in ZCash include Pantera Capital, Digital Currency Group, Fenbushi Capital, and Naval Ravikant among others, who purchased 131,250 ZEC for $2 million. After four years, the reward per block halves, and all of the block rewards accrue to miners. Zcash’s Founder’s Reward design is an early attempt with the cryptoasset space to align stakeholders and motivate, in particular, the core developers to continue work on the protocol through the Zcash Company. The network was launched in October 2016 with a trusted setup process, where the Zcash founder Zooko Wilcox and early cryptocurrency adopters such as Coin Center’s Peter Van Valkenburgh and Bitcoin developer Peter Todd participated in a transparent process to generate the cryptographic keys necessary for launching the network.

Recent News

Coinbase to withdraw support for privacy cryptocurrency Zcash for UK customers.

The exchange will liquidate customer holdings not transferred to other exchanges or converted to alternate cryptocurrencies by Aug. 26th. At the time of writing, no like announcement has been made regarding Coinbase's continued Zcash support for US customers.

August 12, 2019

Sources:

more

zCash founder Zooko Wilcox details support for a network developer fund; zCash is currently funded through a Founder's Reward of 10% of block rewards through 2020, a minority of which is allocated to developers through the Electric Coin Company.

Allocation details are TBD, with Zooko calling for community input. yCash, a fork of zCash, funds development through 5% of the block reward in perpetuity. Approach to development funding varies widely across cryptoassets, ranging from Bitcoin (none), Decred (10%, DAO-controlled), and Dash (10%).

August 1, 2019

Sources:

CoinDesk,Medium

ZCash-fork YCash launches, emphasizing an ASIC-resistant mining algorithm and a founders reward of 5% of supply in perpetuity, in contrast to ZCash's 20% until 2020

July 19, 2019

Sources:

CoinDesk,YCash
Load More
Show projects Article List
Sort icon: direction descending
project icon for steem
STEEM
Profile Update
1d
Signal profile updated.
Profile Update
1d
Signal profile updated.
project icon for neo
NEO
Profile Update
1d
Signal profile updated.
No icon fallback
KLAY
Project Added
1d
Klaytn added as Signal.
No icon fallback
ALTG
Project Added
7d
Althea added as Signal.
Profile Update
14d
Signal profile updated.
No icon fallback
UMA
Project Added
21d
UMA added as Signal.
No icon fallback
LIBRA
Project Added
22d
Libra added as Signal.
Project Added
27d
Chainlink added as Signal.
Profile Update
33d
Signal profile updated.
Profile Update
40d
Signal profile updated.
project icon for chia
CHIA
Profile Update
45d
Signal profile updated.
project icon for bitfinex-leo
LEOTOKEN
Project Added
51d
Bitfinex LEO added as Signal.
project icon for coda
CODA
Profile Update
57d
Signal profile updated.
Project Added
63d
Paxos added as Signal.
project icon for celo
CELO
Project Added
69d
Celo added as Signal.

You've reached the end of the list

project icon for zcash

Zcash

ZEC
$49.05
0.12%
Positive delta icon
Zcash is a cryptocurrency launched in late 2016 offering optional privacy features through zk-SNARK technology.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
LIVE
$353.10M
Native token icon

zCash

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Equity Funding

$1.01M

Cryptocurrency

Project Profile

Zcash relies on zk-SNARKs (zero-knowledge Succinct Non-interactive ARgument of Knowledge), a type of non-interactive zero-knowledge proof, to prove to viewers that a commitment for a transaction on the Zcash blockchain has been satisfied, without revealing the commitment’s details. This technology, combined with technical extensions to the original Bitcoin protocol, allows a Zcash user to obscure the sender, recipient, and value of a transaction. The only information visible is a proof that a valid transaction took place. A summary of zk-SNARKs’ uses can be found here. Notably, the privacy features are optional, in contrast to Monero’s default privacy features. Like many early altcoins, Zcash is a code fork of Bitcoin, but did not inherit prior Bitcoin balances at the time of fork. Zcash uses a 2.5 minute target block time, a max block size of 2mb, and a halving interval of four years.

Zcash is an implementation of zerocash, an extension to Bitcoin invented in 2014, and is designed to provide anonymous transactions by minting Bitcoin, or non-anonymous basecoins whose blockchain the Zerocash protocol is implemented besides, into anonymous Zerocash coins. Zerocash was an improvement over the prior zerocoin protocol meant to improve bitcoin by allowing “users to mix their own coin”, essentially by using cryptography to conceal which outputs are linked to which inputs. Zcash supports both ‘transparent’ transfers of value, which function similarly to Bitcoin transactions, and ‘shielded’ transfers of value, which utilize zk-Snarks to provide privacy features. Transparent addresses begin with ‘t’ and shielded addresses begin with ‘z’, though it is possible to send transactions between different address types.

Zcash privacy protections depend on the number of shielded transactions, as this determines the ‘anonymity set’ that obscures any individual transaction; throughout Zcash’s history, the overwhelming majority of transactions have not been shielded and have offered no protections beyond those on the Bitcoin network. Partially in response, the Sapling network upgrade improved shielded transactions’ efficiency by reducing the amount of data needed to be stored on-chain. Multi-signature transactions can be used with transparent transactions.

Asset Details

Zcash ues the Equihash Proof of Work algorithm, which allows for very efficient memory-oriented mining optimized for CPU/RAM. The Zcash monetary base is the same as Bitcoin, but, of the maximum 21 million ZEC currency units mined over time, 90% will be distributed to miners and 10% will be distributed as a Founder’s Reward over the first four years to a combination of investors, founders, and the ZCash Company, which oversees primary development of the protocol. Early investors in ZCash include Pantera Capital, Digital Currency Group, Fenbushi Capital, and Naval Ravikant among others, who purchased 131,250 ZEC for $2 million. After four years, the reward per block halves, and all of the block rewards accrue to miners. Zcash’s Founder’s Reward design is an early attempt with the cryptoasset space to align stakeholders and motivate, in particular, the core developers to continue work on the protocol through the Zcash Company. The network was launched in October 2016 with a trusted setup process, where the Zcash founder Zooko Wilcox and early cryptocurrency adopters such as Coin Center’s Peter Van Valkenburgh and Bitcoin developer Peter Todd participated in a transparent process to generate the cryptographic keys necessary for launching the network.

Recent News

Coinbase to withdraw support for privacy cryptocurrency Zcash for UK customers.

The exchange will liquidate customer holdings not transferred to other exchanges or converted to alternate cryptocurrencies by Aug. 26th. At the time of writing, no like announcement has been made regarding Coinbase's continued Zcash support for US customers.

August 12, 2019

Sources:

more

zCash founder Zooko Wilcox details support for a network developer fund; zCash is currently funded through a Founder's Reward of 10% of block rewards through 2020, a minority of which is allocated to developers through the Electric Coin Company.

Allocation details are TBD, with Zooko calling for community input. yCash, a fork of zCash, funds development through 5% of the block reward in perpetuity. Approach to development funding varies widely across cryptoassets, ranging from Bitcoin (none), Decred (10%, DAO-controlled), and Dash (10%).

August 1, 2019

Sources:

CoinDesk,Medium

ZCash-fork YCash launches, emphasizing an ASIC-resistant mining algorithm and a founders reward of 5% of supply in perpetuity, in contrast to ZCash's 20% until 2020

July 19, 2019

Sources:

CoinDesk,YCash
Load More