Learn Zcash

How is Zcash different than Bitcoin?

Zcash is a digital currency like Bitcoin, but it protects a user’s privacy instead of exposing their financial history.

When Bitcoin was released in 2009, it was the first-ever decentralized cryptocurrency. All Bitcoin transactions are verified and recorded on a public blockchain, which means that anyone in the world can see user balances and transaction data. This lack of privacy inspired a group of scientists to build something better, and in 2016, cryptography experts took Bitcoin’s open-source code and added zero-knowledge proofs (among other improvements) to create Zcash. Zcash offers all the conveniences of Bitcoin, but with full encryption to protect users’ financial information.

There are other important differences, e.g., a self-funding mechanism in Zcash, shorter confirmation times, a memo field, and more.

Learn more
Share this answer:

Related

Zcash is built for the digital age. It’s private, fast, flexible, and accessible to everyone. Use …
A miner earns roughly .03 ZEC per block mined. Your profitability depends on operating costs and …
A 20 percent portion of Zcash mining rewards funds three organizations focused on Zcash development …
Bitcoin transactions are public. They can be viewed by anyone.
The acronym zk-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge …
No. Zcash does not contain a backdoor, it has never contained a backdoor, and Electric Coin Co. has …
Zcash was invented by a group of scientists and brought to life by Electric Coin Co. and Zooko Wilcox, a computer security specialist and original cypherpunk.