BitRabbit

Cryptocurrencies Encyclopedia


Max Supply Circulating Supply Issue Date 0 vote(s)
21,000,000 4,675,956 2016-10-28
Issue Price Consensus Protocol Cryptographic Algorithm
- POW Equihash
Source Code White Paper Website ZEC
https://github.com/zcash/zcash - https://z.cash/ Coin
Transaction Pair Related:
ZEC/BTC
none
Zcash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible.

Zcash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.
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