What is Zcash (ZEC)?

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The basic architecture of all cryptocurrencies is the same.  They’re open source with the code available to anyone who wishes to inspect or replicate them.  However, altcoins are not all the same.  As new technologies are vetted, new problems arise and must be overcome.

Enter Zcash which was introduced on October 28, 2016. Zcash aims to solve one of the main issues with Bitcoin: True anonymity.

Part of the popularity of Bitcoin rests on its ability to be anonymous. However, every transaction can still be tracked by law enforcement or government agencies using sophisticated data analysis. This means that if someone wants to track down exactly where and how a transaction has gone down,  all you have to do is trace it through the public blockchain.

The blockchain ledger contains three portions of information: the sender, the recipient, and the amount that was sent. Since this information is public, you are potentially exposing your transaction histories to more and more people every time you make more transactions. This is exactly how the infamous Silk Road was taken down.

 

Read more here…

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