Zcash

Zcash (ZEC) is an open source cryptocurrency which is based on the bitcoin source code. Zcash is built around privacy. User identities are not made publicly available in the blockchain. It uses a proof of work system to generate blocks.

The altcoin uses zero-knowledge succinct non-interactive argument of knowledge (zk-SNARK) technology to deliver greater anonymity. Zcash uses both private and public wallet addresses. Transactions between two private addresses are published on its public ledger, but wallet addresses and details of the amounts transacted are encrypted and do not appear on the public ledger.

User can also choose to make transactions from public addresses, in which case all transaction information is published on the public ledger. It is also possible to make transactions between public and private Zcash addresses.

More on this topic:
Buying and using bitcoin in Switzerland

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Bank WIR Bankpaket Top

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Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

  • Free expert research and trading signals

Swiss Trading Platform

Cornèrtrader Special Offer

  • Special offer: particularly favorable conditions for Moneyland users

  • No custody account fees for shares

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Alpian

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  • No prior knowledge necessary: Advice from experts

  • One of the 10 largest asset managers worldwide

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Editor Daniel Dreier
Daniel Dreier is editor and personal finance expert at moneyland.ch.