Zcash
Zcash is a privacy-focused cryptocurrency which is based on Bitcoin's codebase. It shares many similarities, such as a fixed total supply of 21 million units.
| Denominations | |
|---|---|
| Code | ZEC |
| Development | |
| White paper | Zcash Protocol Specification |
| Initial release | 28 October 2016 |
| Latest release | 5.7.0 / 13 March 2023 |
| Code repository | github |
| Development status | Active |
| Project fork of | Bitcoin Core |
| Written in | C++ and Rust (zcashd), Python (zcashd test suite), Rust (zebra), Kotlin (Android SDK), Swift (iOS SDK), Go (lightwalletd) |
| Operating system | Linux, Windows, macOS |
| Developer(s) | Electric Coin Company (zcashd), Zcash Foundation (zebra) |
| Source model | Open source |
| License | MIT (main zcashd code); MIT/Apache (zebra and some support libraries); BOSL (orchard) |
| Ledger | |
| Hash function | Equihash |
| Issuance schedule | Similar to Bitcoin, with "slow start" and different block interval |
| Block reward | 3.125 ZEC (80% to miners; 20% is portioned out to a Major Grants Fund (8%), Electric Coin Co (7%), and the Zcash Foundation (5%)), from Canopy upgrade until first halving |
| Block time | 75 seconds (post-Blossom upgrade) |
| Block explorer | zcashblockexplorer |
| Supply limit | 21,000,000 |
| Website | |
| Website | z |
Transactions can be transparent, similar to bitcoin transactions, or they can be shielded transactions which use a type of zero-knowledge proof to provide anonymity in transactions. Zcash coins are either in a transparent pool or a shielded pool.
Zcash offers private transactors the option of "selective disclosure", allowing a user to prove payment for auditing purposes. One such reason is to make it easier for private transactors to comply with anti-money laundering laws and tax regulations.
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