Cryptocurrencies Encyclopedia

Max Supply Circulating Supply Issue Date 317 vote(s)
21,000,000 4,675,956 2016-10-28 00:00:00 UTC
Issue Price Consensus Protocol Cryptographic Algorithm
- POW Equihash
Source Code White Paper Website ZEC - Coin
Zcash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible.

Zcash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.
317 vote(s)