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Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in Its founding team includes cryptographer Matthew D.
Green from Johns Hopkins University. Roger Ver was one of Zcash Company's initial investors. Zcash payments are published on a public blockchain , but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted.
Transactions can be "transparent" and similar to bitcoin transactions in which case they are controlled by a t-addr, or can be a type of zero-knowledge proof called zk-SNARKs ; the transactions are then said to be "shielded" and are controlled by a z-addr. Zcash affords private transactors the option of "selective disclosure", allowing a user to prove payment for auditing purposes.
One such reason is to allow private transactors the choice to comply with anti-money laundering or tax regulations. Overwinter is the first ever network upgrade of Zcash done through a hard fork at the block number [7] which is expected to be on 25 June A new feature will be introduced that allows users to set transaction expiry times.
This upgrade also improved the signature verification that helps improving the transaction speed. From Wikipedia, the free encyclopedia. This article is about the cryptocurrency Zcash. It is not to be confused with Zerocoin or zcache. The New York Times. Delaware Department of State: Proof-of-authority Proof-of-space Proof-of-stake proof-of-work.
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