$ZEC Zcash (ZEC) is a blockchain and native cryptocurrency that offers private transaction options. Here is some basic information about ZEC:
• Origin and Technology: Zcash was created based on Bitcoin code and was released on October 28, 2016. It uses a protocol called Zerocash and allows users to choose between public or private ZEC transactions. Zcash's privacy protection technology is based on Zero-Knowledge Proof (ZKP), specifically the zk-SNARKs cryptographic algorithm, which allows the validation of transaction authenticity without revealing the sender, receiver, or transaction amount.
• Transaction Types: Zcash has two types of addresses—transparent addresses and shielded addresses. Transparent addresses are similar to Bitcoin; all transaction records are public. In contrast, shielded addresses utilize zero-knowledge proof technology to ensure transaction privacy.
• Supply: Zcash's token supply model is similar to Bitcoin, with a total fixed supply of 21 million coins.
• Mining Structure: Zcash's mining structure differs from Bitcoin; it allocates 10% of token revenue to the team, which is gradually released during the first phase of mining. The specific rules are: one block every 2.5 minutes, with a reward of 12.5 ZEC per block; during the first four years, 20% of mining revenue goes to team rewards, so miners receive only 10 ZEC per block.
• Market Performance: According to the latest data, ZEC ranks 101st in market capitalization, with a market value of approximately 957 million and a 24-hour trading volume of about 155.8 million. ZEC's circulating supply is 16,328,269 coins, with a maximum supply of 21,000,000 coins.
• Price Dynamics: As of the latest data, ZEC's price is 58.61, down -2.41% from the opening price. ZEC's all-time high price was 3,572, and the current price is down -98.36% from the all-time high.