ZCash, another privacy based cryptocurrency akin to Monero XMR, aims to protect the privacy of transactions using zero-knowledge cryptography.
Some users look to use alternatives to the likes of Bitcoin and Ethereum because, if you know a users wallet address, you are able to follow every single transaction around the blockchain, exposing the flow of funds into and out of wallets.
ZCash is different, all this information is encrypted.
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Zooko Wilcox, who founded ZCash, says, “ZCash is a new blockchain and cryptocurrency which allows private transactions (and generally private data) in a public blockchain. This allows businesses, consumers, and new apps to control who gets to see the details of their transactions, even while using a global, permission-less blockchain.”
With increasing Government scrutiny of the cryptocurrency world, many individuals are looking to include a privacy based coin such as ZCash in their portfolio to shield their investments from preying Government eyes.