ZCash is built on the Bitcoin blockchain. It has been created by scientists from MIT, John Hopkins and other universities. We can use Zcash to buy goods and services.
What makes it different from conventional payment systems is speed. Also, no one can see the transactions. It can not see the money that is being circulated. You can also convert it to any major currency on the planet, like the British pound sterling and Japanese yen.
Let’s look at the most essential advantage of Zcash which of course is the privacy of transactions. Transactions with Zcash are entirely private. No one can see the transaction data and the amounts of money that have been traded. Where did they come from and who did they go to? It is also not possible to know details such as hours and quantity of transactions. It is entirely confidential. Neither the tax office can detect you nor can the government control you.
Zcash also uses blockchain technology which gives it security and reliability. That is, no one can hack it.
Let’s see its essential features. Initially it is easy to use, it is fast and it is reliable. It is also based on blockchain technology, it is decentralized. It then keeps the transactions, the address and the amounts that are traded secret.
Zcash is currently available on major cryptocurrency exchanges: Binance, coinbase, kraken and Gemini.
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