Zcash (ZEC) is a decentralized, privacy-focused cryptocurrency that enables secure and anonymous transactions. Launched in 2016 as a fork of Bitcoin, Zcash uses advanced cryptographic techniques, particularly zero-knowledge proofs (zk-SNARKs), to shield transaction details while maintaining a public blockchain. Unlike Bitcoin, where transactions are transparent and traceable, Zcash offers users the option to send shielded transactions, concealing sender, receiver, and amount. However, it also supports transparent transactions for those who prefer visibility, similar to Bitcoin.

Zcash’s privacy features make it appealing for users seeking financial confidentiality without compromising decentralization. Its fixed supply of 21 million coins (like Bitcoin) ensures scarcity and deflationary economics. Zcash operates on a proof-of-work (PoW) consensus mechanism but has plans to transition to a more energy-efficient model.

While privacy coins like Zcash face regulatory scrutiny due to concerns over illicit use, they also serve legitimate purposes, such as protecting sensitive financial data. Zcash remains a significant player in the crypto space, balancing privacy, security, and transparency for users who value anonymity in digital transactions.