[English translation] Zcash buzzes…! A cryptocurrency similar to Bitcoin but with higher anonymity than Bitcoin?
In the cryptocurrency world, attention is growing day by day toward a new currency called Zcash.
In the pastGIGAZINE(Since the information is from January 2016, some parts may be old) so some people may have heard about it.
What is Zcash? Is there a chance? Let’s take a quick look.
What is Zcash?
Zcash (ZEC) isa cryptocurrency that, while similar to Bitcoin, has several different features.Similar to Bitcoin, ZEC is based on a decentralized blockchain, butensures anonymity of the transaction amount and the people involved in the transaction.
When using Bitcoin, if you know someone's address, you can trace that person's transactions and learn all the destinations and amounts involved in the transfers. As a result, how much money is being transacted becomes clear. In Zcash, such information is all encrypted.
It seems to be more anonymous than Bitcoin, which is a characteristic. Let’s look at it in more detail.
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