What is Zcash (ZEC)? The Privacy Coin Using Zero-Knowledge Proofs

60-second summary

Zcash is a cryptocurrency that leverages zero-knowledge proofs, specifically zk-SNARKs, to enable users to conceal key transaction details. This allows for private transactions, hiding sender, recipient, and amount information. The Zcash network uses a proof-of-work consensus mechanism and has a total supply of 21 million ZEC. Its focus on anonymity makes it a popular choice for users seeking private transactions.