$ZEC is the ticker symbol for Zcash which is a cryptocurrency that focuses on privacy and anonymity Launched in 2016 Zcash uses advanced cryptographic techniques called zk SNARKs to enable private transactions This means that users can send and receive ZEC without revealing transaction details like the sender receiver or transaction amount while still maintaining the integrity and security of the blockchain

Zcash offers two types of addresses

1 Transparent Addresses Similar to Bitcoin these are public and reveal transaction details

2 Shielded Addresses These provide enhanced privacy by concealing transaction information

Zcash aims to combine the best of both worlds the security and immutability of a blockchain with the privacy of transactions

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