Zcash
Definition
Zcash (ZEC) is a decentralized, open-source cryptocurrency that emphasizes privacy and selective transparency, using zero-knowledge proofs (zk-SNARKs) to allow users to hide transaction details while verifying validity on the blockchain.
Launched in 2016 as a fork of Bitcoin, Zcash enables 'shielded' transactions where sender, receiver, and amount can be obscured, contrasting with fully transparent blockchains like Bitcoin.
Examples
He stashed his savings in Zcash, finally enjoying the kind of financial invisibility superheroes dream about.
In a world of nosy block explorers, her Zcash wallet stayed as mysterious as a magician's hat.
Swapping Bitcoin for Zcash felt like upgrading from a glass house to a fortress with secret passages.
Zcash enthusiasts joke that it's the crypto equivalent of whispering secrets in a crowded room—no one hears a thing.