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جمعه 24 تیر 1401, 17:32 عصر
What is Zcash? (ZEC)
One of the more well-known privacy cryptocurrencies, Zcash (https://coincupdaily.com/what-is-zcash-zec/) (ZEC) harnesses advances in cryptography to offer users optional anonymity when transacting.Before Zcash, cryptocurrencies were mostly designed to be “pseudonymous” like Bitcoin (https://coincupdaily.com/what-is-bitcoin/) (BTC), meaning data about the amount users exchanged, the addresses they sent funds to and the addresses they received funds from were always recorded on the blockchain for all to see.So, while you may hear people tout cryptocurrencies for privacy, this isn’t the case by default. Data can (and sometimes is) be linked back to the individuals who made transactions, whether by companies, governments or nefarious actors.Launching in 2016, Zcash offered a higher level of privacy by introducing “shielded addresses,” which were designed to encrypt the transaction and address data stored on its blockchain.Still, Zcash lets users choose the level of anonymity they’d like, offering two types of addresses: transparent addresses (which appear on blockchain) and shielded addresses (which do not).Users can send transactions between the two types of addresses, as well, though this brings additional privacy considerations.
https://coincupdaily.com/what-is-zcash-zec/
One of the more well-known privacy cryptocurrencies, Zcash (https://coincupdaily.com/what-is-zcash-zec/) (ZEC) harnesses advances in cryptography to offer users optional anonymity when transacting.Before Zcash, cryptocurrencies were mostly designed to be “pseudonymous” like Bitcoin (https://coincupdaily.com/what-is-bitcoin/) (BTC), meaning data about the amount users exchanged, the addresses they sent funds to and the addresses they received funds from were always recorded on the blockchain for all to see.So, while you may hear people tout cryptocurrencies for privacy, this isn’t the case by default. Data can (and sometimes is) be linked back to the individuals who made transactions, whether by companies, governments or nefarious actors.Launching in 2016, Zcash offered a higher level of privacy by introducing “shielded addresses,” which were designed to encrypt the transaction and address data stored on its blockchain.Still, Zcash lets users choose the level of anonymity they’d like, offering two types of addresses: transparent addresses (which appear on blockchain) and shielded addresses (which do not).Users can send transactions between the two types of addresses, as well, though this brings additional privacy considerations.
https://coincupdaily.com/what-is-zcash-zec/