What is zcash

1. What is Zcash used for?
2. How is Zcash different from Bitcoin?
3. Is Zcash a good coin?
4. Is Zcash safe?
5. Is Zcash better than Bitcoin?
6. Is Zcash a Bitcoin fork?
7. Does Zcash have a future?
8. Is Zcash profitable?
9. Who is behind Zcash?
10. Is Zcash good investment 2021?
11. Is Zcash good investment?
12. Is Zcash a good investment 2020?
13. How anonymous is Zcash?
14. Does Zcash use proof of work?

What is Zcash used for?

Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Zcash is based on Bitcoin's codebase. It shares many similarities, such as a fixed total supply of 21 million units.

How is Zcash different from Bitcoin?

Like Bitcoin, Zcash transaction data is posted to a public blockchain; but unlike Bitcoin, Zcash gives you the option of confidential transactions and financial privacy through shielded addresses. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.

Is Zcash a good coin?

Technical Analysis & Forecast: Zcash (ZEC)

However, gradually it stabilized to its significant resistance level of 40-50 USD. Going by the technical analysis, prediction, and scientific algorithm fundamentals, ZEC has garnered a top position in the cryptocurrency market among the top 10 coins.

Is Zcash safe?

ZCash doesn't eliminate transaction information. Instead, it encrypts it so that it cannot be tracked. The ZCash blockchain is still encrypted, but the security protocol zk-SNARK adds additional user security and anonymity. Joining a mining pool is one of the best ways to benefit from ZCash mining.

Is Zcash better than Bitcoin?

The mining reward for Zcash cloud mining is currently the same as for bitcoin, which is set at 12.5 ZEC per block, but the value of ZEC compared to bitcoin does vary. For example, the current bitcoin value is $11,503 and the value of ZEC is $326.10. ... The proofs of work that bitcoin and Zcash use are also different.

Is Zcash a Bitcoin fork?

Zcash is a code fork of the bitcoin protocol and maintains its own blockchain and currency token. Zcash builds on the existing work from the Bitcoin core team to enable privacy preserving transaction data using zero-knowledge proofs.

Does Zcash have a future?

CoinSwitch Zcash (ZEC) Price Prediction for 2021, 2022, 2023, 2025, 2030. The CoinSwitch news website predicts a bright future for Zcash. Their Zcash price prediction suggests that the $1242 figure for 2025 is still feasible, and the price may even tip the point before the predicted time.

Is Zcash profitable?

Is Zcash mining still profitable? Yes, mining Zcash is still profitable - based on the mining hardware hashrate of 140,000.00 H/s, electricity costs, and pool / maintenance fees provided.

Who is behind Zcash?

In 2013, Matthew Green, Ian Miers and Christina Garman from Johns Hopkins University came up with Zerocoin, a proposed privacy extension to Bitcoin. Indecisive community reception and a desire to move quickly prompted the team to recruit additional scientists to build a standalone protocol: Zcash.

Is Zcash good investment 2021?

Zcash's native asset ZEC is a good investment in 2021. Users can obtain ZEC tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, CoinTiger, Huobi Global, and FTX.

Is Zcash good investment?

Zcash has the potential to hit $279 in 2022 and over $500 in 2025. That said, it also has the potential to fall. ... If you believe that Zcash has solid fundamentals and strong potential to rise, then you should do extensive due diligence and come to a decision accordingly. Never invest more than you can afford to lose.

Is Zcash a good investment 2020?

WalletInvestor Zcash (ZEC) Price Prediction for 2020, 2021, 2023, 2025, 2030. Per WalletInvestor's Zcash (ZEC) price prediction, ZEC is a bad long-term investment. They predict that, by the end of the year, Zcash will drop to $60. Over the next few years, ZEC is expected to fall further.

How anonymous is Zcash?

Zcash has implemented a cryptographic tool called Zero-Knowledge Proof and grants participants an option to shield transactions. It allows participants to transact without any of them revealing their addresses to the other(s). Zero-Knowledge Proof also obfuscates the transaction amount.

Does Zcash use proof of work?

How it works. To secure the network, Zcash uses a proof-of-work mining algorithm. Proof-of-work means that miners compete against each other using processing power to produce a new block on the chain.