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What is ZCash (ZEC)?
Zcash is an open source cryptocurrency developed by Zerocoin Electric Coin Company, providing confidentiality and selective transparency of transactions. Zcash payments are published in a public blockchain, but the sender, recipient and transaction amount remain secret.
Zcash is the first cryptocurrency based on a zero-knowledge cryptographic proof protocol. In the logic of the protocol, it is assumed that one of the interacting parties is able to verify the validity of a mathematical statement without having any other information from the second party. In fact, Zcash is the first truly anonymous cryptocurrency, since it is possible to confirm that a transaction has been made, but there is no way to find out the amount, sender and recipient.
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