Zcash Coin: Days after the launch of Zcash, the cryptocurrency markets are still attempting to value the newly released digital currency (ZEC). While 1 ZEC is trading at roughly twice the price of bitcoin (1 ZEC was worth 1.91 BTC, or $1,388, at press time), this means movements have calmed since tumultuous early trading sessions.
Zcash is the latest kid on the block of cryptocurrencies – a wave ushered by bitcoin back in 2008. Zooko Wilcox, Founder, and CEO of Zcash told Investopedia, “Zcash is a new blockchain and cryptocurrency which allows private transactions (and generally private data) in a public blockchain.
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016.
Zcash has caused a lot of controversy for its method of distributing the cryptocurrency. The organization is not set up as an opensource community but as a Company. This is the first major difference to Bitcoin and other cryptocurrencies such as ethereal. The second major difference is how they plan to reward investors and workers in the Company which is by a tax on mining rewards called “Founders reward”.
Where to Buy Zcash Coin?
Zcash Coin can be purchased in the following website such as HitBTC, Bithumb, Huobi, Bit-Z, Bitfinex, Poloniex, Bittrex, Binance.