Zcash is both a cryptocurrency and a blockchain developed by the Zcash company. Zooko Wilcox, CEO of the company, says that their main objective was to create a coin which wouldn’t have bitcoin’s drawbacks and, thus, would be presenting its alternative. With that end in view, the team provided Zcash with an algorithm similar to bitcoin plus enabled semi-transparent processing. Zcash avoids the total transparency of bitcoin’s blockchain and allows its users to keep the details of their transactions in private being able to send money to any part of the world.
The 2018 bear market wasn’t easy on Zcash price as well as on the rest of the cryptocurrencies. In November, the ZEC price dropped by 88% compared to its highest cost. Nevertheless, Zcash stayed in the top 30 biggest cryptocurrencies in terms of market capitalization and managed to slowly regain value... Read more
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