Zcash (ZEC) is one of the few coins in the market which provides its users with much privacy, alongside some other top features. Zcash is a coin which seems to be a long-term big fish. The cryptocurrency is growing rapidly and the users who are using and involved in blockchain technology, they need such coins like Zcash (ZEC) which provide privacy at a much higher level.
We do have privacy coins such as DASH, XMR that are in top 15 on coinmarketcap. However, Zcash (ZEC) is gaining and growing user base, as well as it aims to move up the chart. There is a race to end anonymity among the privacy coins and ZEC can emerge as the top among them in coming years due to its advanced cryptographic techniques namely ‘Zero-Knowledge Proof’.
Zcash is the decentralized asset which provides selective transparency of transactions. It is based on peer-reviewed cryptographic research. ZEC is basically built by a security-specialized engineering team on an open source platform based on Bitcoin cores i.e. Battle tested code base. The Zero-knowledge Proof guarantees the validity of transactions without revealing additional information.
Zcash is a fungible digital asset and in order to remain interchangeable, units of cryptocurrency must be interlinked from their history. So, that the unit is as good as any other unit. It brings fungibility to cryptocurrency by unlinking shielded coins from their history on the blockchain. Zcash (ZEC) also enables new apps and the Zero-Knowledge Proof allow fully encrypted transactions to be confirmed as valid.
So, Zcash all-in-all has a very solid technology working behind it. The coming time will be very much interesting for the digital asset. It will set to introduce some new things, as its core team is working hard. Zcash will be a key for many users due to its privacy component and its encrypted memos and payment disclosure. It needs to work on its Multisignature transactions, as the transaction requires two or more parties to agree to the transaction before funds are sent.
Zcash (ZEC) has dropped its value in the recent bear market, but more than that it is still sort of an emerging coin in the crypto industry. The biggest thing ZEC carries is being an anonymity coin, which sets it apart from other digital assets. So, those users who care a lot about privacy, ZEC is a good choice.
At the time of writing, Zcash (ZEC) was trading at a price of $67.25 USD having a market cap of $351 million. Currently, it stands on 18th spot in the market ranking and it will get better as the coin grows it adoption. In last 24 hours, the coin has gained up to 5%, which is a positive after a long bear market. So, ZEC is a well-equipped crypto with a much more decent feature alongside privacy, which is the key. Partnerships will play a key role for the coin in the coming time to grow its adoption with even better rate. So, Zcash is expected to be one of the top cryptos of the future.