ZCash

Zcash, a privacy-focused cryptocurrency, employs zero-knowledge proofs (also known as zk-SNARKs) to support private and anonymous transactions.

By doing so, users can protect the sender, receiver, and transaction amount of their transactions while still preserving the confidentiality and security of the blockchain. Zcash provides a substitute for conventional transparent cryptocurrencies, boosting users’ financial privacy.

More Definitions

Zero-Knowledge Proof (ZKP)

A zero-knowledge proof is a cryptographic technique that enables one person (the prover) to convince another party (the verifier) that they are aware of a secret or truth without disclosing the real secret or any other information.

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