What is Zcash（ZEC）?

Zcash is a privacy and privacy technology built on a block chain. Unlike Bitcores, the Zcash transaction automatically hides the sender, recipients, and amounts of all transactions on the chain. Only those who have the view of the secret key to see the contents of the transaction. Users have full control, the user can selectively provide to others to see the secret key.

 Zcash wallet funds are divided into two kinds: transparent funds, private funds, transparent funds similar to the special currency funds; private funds to strengthen the privacy, involving private funds transactions are confidential and can not be investigated, transparent funds and transparent funds transactions are open to check of.

 What is the technology behind Zcash?

 Zcash uses a zero-knowledge proof architecture called zk-SNARK, which was developed by our experienced team of cryptographers. This framework allows the network to maintain a secure account balance book in the case of non-public trading participants or transaction amounts. Zcash transaction metadata is encrypted, rather than openly show the transaction participants and the amount of transactions, zk-SNARK is used to prove that no one to deceive or theft.

 Zcash ZEC currency information

 The Zcash block will appear on October 28, 2016.

 Slow mining rules: the original 20,000 blocks of reward rarely. The bonus from the first block to the 20,000th block increases linearly, and 12.5 ZECs are rewarded at the 20,000th block. The purpose of this is to prevent early rapid excavation of the Zcash system. The Zcash system doubles every block for every 2.5 minutes, after 20,000 blocks, each block awards 12.5 ZECs.

 Zcash total of 21 million, every four years by half.
In the first four years before the first half, 20% of the mining income will be allocated to the Zcash team and its investors, the total is 2.1 million. After the first half, 100% of the mining benefits are owned by miners.

 Related Links

 Official website: https: //z.cash/


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