Zcash Price in India (ZEC)

Zcash is a privacy-focused crypto designed to enable optional anonymity for transactions on its blockchain. Put simply, it provides users with the power over the confidentiality of their financial data, such as the sender, receiver, and amount, while still operating on a public blockchain. The network leverages a cryptographic proof system called zk-SNARKs to offer strong security. It is powered by the ZEC token.

Zcash was founded by Zooko Wilcox-O’Hearn, a computer security expert and entrepreneur, in 2016.

• ZEC token: ZEC powers the Zcash platform, and its use cases include private peer-to-peer payments, value transfer with enhanced confidentiality, and protecting financial data.

• Dual-address system: Zcash offers a dual-address system that supports both transparent (public) and shielded (private) addresses, providing flexibility.

• Strong security: Zcash is secured by SHA-256 proof-of-work, the same hashing algorithm used by Bitcoin, which underscores its strong security. 

• Strong backing: It is backed by investors such as Pantera Capital, Digital Currency Group (DCG), and Fenbushi Capital.

Zcash is one of the earliest and most established privacy-focused blockchains, suitable for users who value privacy. Its optional privacy model makes it more flexible than fully private coins. With a fixed supply of 21 million coins and strong early backing from top crypto investors, the ZEC token shows long-term growth potential. However, being a privacy-focused crypto, ZEC faces regulatory scrutiny and competition from other zero-knowledge projects. As with all other cryptos, ZEC’s long-term potential depends on adoption, regulation, and broader market trends.

You can buy ZEC from crypto platforms like CoinSwitch.

• ZEC can be bought and traded on crypto platforms like CoinSwitch. 

• The token serves as the medium on the Zcash platform, enabling private peer-to-peer payments.

• ZEC can be used to send and receive funds with enhanced confidentiality.

• The token can be used to protect financial data on a public blockchain.

• As a privacy-focused crypto, Zcash has strong privacy protection and uses advanced zero-knowledge proofs (zk-SNARKs) to enable privacy.

• Zcash also offers optional transparency, allowing users to choose between transparent and shielded transactions.

• Launched in 2016, ZEC is one of the earliest and most recognized privacy-focused cryptos.

• ZEC is subject to market volatility like all cryptos.

• Despite its similarity to Bitcoin, Zcash has lower usage and ecosystem activity.

• The zk-SNARK technology it uses might be complex for some users to understand and implement.

• Start investing in ZEC with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Zcash officially launched its mainnet and token generation event (TGE) on October 29, 2016. The project raised $3 million in early funding through private seed and venture rounds before launch. It is backed by investors such as Pantera Capital, Digital Currency Group (DCG), and Fenbushi Capital.