Home web3.0 What coin is zec coin?

What coin is zec coin?

May 06, 2024 pm 05:18 PM
Bitcoin cryptocurrency High scalability exchange

ZEC coin is a privacy-focused cryptocurrency. Its anonymity is based on zero-knowledge proof and specifically uses zk-SNARKs technology. Its advantages include protecting privacy and preventing censorship. Its disadvantages include increased supervision difficulty, larger transaction size, and liquidity. Lower, with main use cases involving anonymous payments, privacy protection and censorship circumvention, with a market capitalization of $2.4 billion as of May 2023.

What coin is zec coin?

ZEC Coin: Privacy Cryptocurrency

ZEC Coin (Zcash) is a privacy-focused cryptocurrency that was launched in 2016 roll out. It is built on the foundation of Bitcoin but introduces zero-knowledge proof technology to enhance the anonymity of transactions.

Anonymity

ZEC Coin achieves anonymity through zero-knowledge proofs, a cryptographic technique that allows one party to communicate without revealing their personal identity. Demonstrate to another party that it knows certain information. In ZEC coin, zero-knowledge proofs are used to hide the sender, receiver, and amount of a transaction.

Technology

ZEC Coin uses a specific type of zero-knowledge proofs called zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge). zk-SNARKS allows for fast verification of proofs, making ZEC coin transactions highly scalable.

Advantages

The anonymity of ZEC coin gives it the following advantages:

  • Protect user privacy and hide their transaction records and balances.
  • Prevent transaction monitoring and review.
  • Promotes anonymity for illegal activities, but it is worth noting that ZEC Coin is also closely watched by law enforcement agencies.

Disadvantages

The anonymity of ZEC currency also has some disadvantages:

  • It increases the difficulty of supervision because it is difficult to track illegal trade.
  • The transaction size is larger and requires longer confirmation time.
  • The market is less liquid than more widely known cryptocurrencies such as Bitcoin.

Use Cases

ZEC Coin is typically used for the following use cases:

  • Anonymous Online Payments
  • Protect Individuals Financial Privacy
  • Censorship Circumvention

Market Cap and Transactions

As of May 2023, ZEC Coin has a market cap of $2.4 billion. It trades on many major cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

The above is the detailed content of What coin is zec coin?. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

gate.io registration tutorial gate.io registration tutorial Mar 31, 2025 pm 11:09 PM

This article provides a detailed Gate.io registration tutorial, covering every step from accessing the official website to completing registration, including filling in registration information, verifying, reading user agreements, etc. The article also emphasizes security measures after successful registration, such as setting up secondary verification and completing real-name authentication, and gives tips from beginners to help users safely start their digital asset trading journey.

ok official portal web version ok exchange official web version login portal ok official portal web version ok exchange official web version login portal Mar 31, 2025 pm 06:24 PM

This article details how to use the official web version of OK exchange to log in. Users only need to search for "OK ​​Exchange Official Web Version" in their browser, click the login button in the upper right corner after entering the official website, and enter the user name and password to log in. Registered users can easily manage assets, conduct transactions, deposit and withdraw funds, etc. The official website interface is simple and easy to use, and provides complete customer service support to ensure that users have a smooth digital asset trading experience. What are you waiting for? Visit the official website of OK Exchange now to start your digital asset journey!

The latest registration tutorial for gate.io web version The latest registration tutorial for gate.io web version Mar 31, 2025 pm 11:15 PM

This article provides a detailed Gate.io web version latest registration tutorial to help users easily get started with digital asset trading. The tutorial covers every step from accessing the official website to completing registration, and emphasizes security settings after registration. The article also briefly introduces other trading platforms such as Binance, Ouyi and Sesame Open Door. It is recommended that users choose the right platform according to their own needs and pay attention to investment risks.

What are the recommended websites for virtual currency app software? What are the recommended websites for virtual currency app software? Mar 31, 2025 pm 09:06 PM

This article recommends ten well-known virtual currency-related APP recommendation websites, including Binance Academy, OKX Learn, CoinGecko, CryptoSlate, CoinDesk, Investopedia, CoinMarketCap, Huobi University, Coinbase Learn and CryptoCompare. These websites not only provide information such as virtual currency market data, price trend analysis, etc., but also provide rich learning resources, including basic blockchain knowledge, trading strategies, and tutorials and reviews of various trading platform APPs, helping users better understand and make use of them

okx Ouyi Exchange web version enter link click to enter okx Ouyi Exchange web version enter link click to enter Mar 31, 2025 pm 06:21 PM

1. Enter the web version of okx Euyi Exchange ☜☜☜☜☜☜ Click to save 2. Click the link of okx Euyi Exchange app ☜☜☜☜ Click to save 3. After entering the official website, the clear interface provides a login and registration portal. Users can choose to log in to an existing account or register a new account according to their own situation. Whether it is viewing real-time market conditions, conducting transactions, or managing assets, the OKX web version provides a simple and smooth operating experience, suitable for beginners and veterans. Visit OKX official website now for easy experience

Top 10 of the formal Web3 trading platform APP rankings (authoritatively released in 2025) Top 10 of the formal Web3 trading platform APP rankings (authoritatively released in 2025) Mar 31, 2025 pm 08:09 PM

Based on market data and common evaluation criteria, this article lists the top ten formal Web3 trading platform APPs in 2025. The list covers well-known platforms such as Binance, OKX, Gate.io, Huobi (now known as HTX), Crypto.com, Coinbase, Kraken, Gemini, BitMEX and Bybit. These platforms have their own advantages in user scale, transaction volume, security, compliance, product innovation, etc. For example, Binance is known for its huge user base and rich product services, while Coinbase focuses on security and compliance. Choosing a suitable platform requires comprehensive consideration based on your own needs and risk tolerance.

gate.io latest registration tutorial for beginners gate.io latest registration tutorial for beginners Mar 31, 2025 pm 11:12 PM

This article provides newbies with detailed Gate.io registration tutorials, guiding them to gradually complete the registration process, including accessing the official website, filling in information, identity verification, etc., and emphasizes the security settings after registration. In addition, the article also mentioned other exchanges such as Binance, Ouyi and Sesame Open Door. It is recommended that novices choose the right platform according to their own needs, and remind readers that digital asset investment is risky and should invest rationally.

What is Ouyi for? What is Ouyi What is Ouyi for? What is Ouyi Apr 01, 2025 pm 03:18 PM

OKX is a global digital asset trading platform. Its main functions include: 1. Buying and selling digital assets (spot trading), 2. Trading between digital assets, 3. Providing market conditions and data, 4. Providing diversified trading products (such as derivatives), 5. Providing asset value-added services, 6. Convenient asset management.