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 | |
| Denominations | |
|---|---|
| Code | ZEC |
| Development | |
| White paper | Zcash Protocol Specification |
| Initial release | 28 October 2016 |
| Latest release | 5.7.0 / 13 March 2023[1] |
| 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[2][3] |
| Block time | 75 seconds (post-Blossom upgrade)[2] |
| Block explorer | zcashblockexplorer |
| Supply limit | 21,000,000[2] |
| Website | |
| Website | z |
Zcash is a privacy-focused cryptocurrency which is based on Bitcoin's codebase.[4] It shares many similarities, such as a fixed total supply of 21 million units.[5]
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.[6]
- ^ "Releases - zcash/zcash". Archived from the original on 18 April 2023. Retrieved 4 April 2023 – via GitHub.
- ^ a b c "Frequently Asked Questions - Zcash". Zcash. Archived from the original on 24 June 2019. Retrieved 10 July 2019.
- ^ "Canopy". Archived from the original on 17 April 2023. Retrieved 17 April 2023.
- ^ "The Basics | Zcash". Zcash. Archived from the original on 9 June 2022. Retrieved 10 July 2020.
- ^ Popper, Nathaniel (31 October 2016). "Zcash, a Harder-to-Trace Virtual Currency, Generates Price Frenzy". The New York Times. Archived from the original on 11 January 2019. Retrieved 26 January 2017.
- ^ Clozel, Lalita (31 October 2016). "How Zcash Tries to Balance Privacy, Transparency in Blockchain". American Banker. Archived from the original on 7 August 2017. Retrieved 24 July 2017.