Zcash (ZEC), formerly known as Zerocoin, has set a total of 21 million in the same amount as bitcoin. Zcash early before the ICO (Initial Coin Offering), its mechanism of lineage COINS (Proof of the Work) distribution of POW, but slightly change, embodies in four years time, the miners mining income 20% Zcash automatically assigned to Zcash team and its investors, or 10% of the total.
The initial 20,000 pieces are rarely awarded, with a linear increase of the reward from the first to the 20,000, and 12.5 Zcash prizes at the 20,000 block. The aim is to prevent early rapid mining from causing damage to the Zcash system. The Zcash system rewards 12.5 Zcash every 2.5 minutes and 20,000 blocks.
While digital assets such as bitcoin are known for their trading invisibility, they can often be tracked in real life through a common bitcoin blockchain. Bitcoin's sender and location can be accurately known. One of the characteristics of Zcash is that it can automatically hide the sender, receiver and transaction value of blockchain transaction. Only if the key can be accessed correctly can the content be accessed. Of course, users can choose who they can have. Therefore, from this level, Zcash is significantly different from other information, which is more concealment.
The good concealment of Zcash stems from the use of a zero-knowledge cryptography architecture called the zk-snark algorithm, developed by a team of experienced cryptographers. This framework allows the network to maintain a secure account balance account without publicly trading participants or trading amounts. The metadata of the Zcash transaction is encrypted, rather than publicly showing the participants and the amount of the transaction, and the zk-snark algorithm is used to prove that no one is cheating or stealing.
Block query: http://explorer.zcha.in/ https://explorer.testnet.z.cash/
Telegram: https://t.me/LBankinfo
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