What is zcash digital currency
Zcash is a digital currency that was created in 2016 as an alternative to Bitcoin. It offers users the ability to make anonymous transactions and store their funds securely. Unlike Bitcoin, Zcash utilizes zero-knowledge proofs which allow for complete privacy when sending or receiving funds. This means that no one else can view your transaction history or balance except you and those you choose to share it with.
The main advantage of using Zcash over other cryptocurrencies is its focus on privacy and security measures, making it attractive for people who want increased anonymity while transacting online. Transactions are encrypted with advanced cryptography so only the sender and receiver can access them, offering greater financial freedom than traditional banking systems provide today.
In addition to its emphasis on privacy, another benefit of using Zcash is its faster transaction times compared to other cryptocurrencies such as Bitcoin or Ethereum – typically taking just minutes instead of hours like some coins do nowdays . There’s also lower fees associated with transferring money through this network because miners don’t have an incentive from verifying these transactions since they cannot see any details about them in the first place! Finally unlike many altcoins out there right now - zCash has been around long enough (over 4 years) that investors feel more confident investing into something they know will last longer term due too stability within market prices / trading volume etc...
Overall if you're looking for a cryptocurrency focused on providing enhanced levels of security & privacy then look no further than zCash!