Zcash has been in the top 20 cryptocurrencies for some time now. It is best known as a by-product of the Zerocoin project which was established in order to improve the privacy of Bitcoin users. The team of engineers, advisors and scientists of the Zerocoin Electric Coin Company (ZECC) launched the Zcash currency in 2016.
Launched back in 2016 in October, Zcash is one of the digital currencies forked from bitcoin. This asset focuses on maintaining the anonymity of the users behind each transaction along with the other parties and amounts involved in it.
Because of the anonymity feature, Zcash is often referred to as the ‘’untraceable’’ coin. It is powered by a decentralized blockchain but unlike other digital currencies, Zcash owners can totally shield their transactions. The altcoin has robust open-source features decentralized, of course, that provide the owners with the best features such as security and privacy but also the altcoin makes quick and easy transactions. This is maybe the only altcoin that is designed by someone with an academic history of cryptography.
Because of its innovative nature, the coin is developing a totally anonymous open-source network for transactions that leaves zero traces. This means that the privacy issues that are related to other blockchain-based cryptos are non-existent with Zcash. In terms of privacy, the altcoin is also unbeatable.
This cryptocurrency aims to develop a mining process that is nature-friendly. Mining the altcoin has a memory intensive nature that prevents the process from getting swamped by specific integrated circuits that are better known as ASICs.
Zcash owners choose this cryptocurrency because of its steady growth and its prevailing nature. It’s lower price seems to attract even more traders and this is why it is considered as the most affordable coin.