$ETH Zcash (ZEC) is a privacy-focused cryptocurrency that lets you send money anonymously online. Launched on October 28, 2016, by Zooko Wilcox-O’Hearn, it’s built on a blockchain similar to Bitcoin but with extra privacy features. Here’s all about ZEC in simple words:
What is ZEC Used For?
Private Payments: Send or receive money without showing who’s involved or how much.
#BinanceAlphaAlert Trading: Buy, sell, or trade ZEC on exchanges like Binance for profit.
Investing: Hold ZEC for its potential value growth, especially with its privacy focus.
Transparency Option: You can choose to make transactions public if needed.
Key Features:
Privacy Tech: Uses zk-SNARKs to hide sender, receiver, and amount in “shielded” transactions.
Two Types: Transparent (public like Bitcoin) or shielded (private) transactions.
Proof-of-Work: Secured by mining with the Equihash algorithm, like Bitcoin.
Limited Supply: Max 21 million ZEC, with halvings every 4 years to control issuance.
Token Details:
Total Supply: 21 million ZEC (max limit).
Circulating Supply: ~16.33 million (as of June 2025).
Market Cap: ~$1 billion, ranking ~#100 globally.
Price: ~$61 (check Binance for live prices).
Fun Facts:
Hit an all-time high of $5,941 in 2016, shortly after launch!
Backed by the Electronic Coin Company (ECC) and supported by big investors.
Listed on Binance, Coinbase, and many other exchanges.
Privacy coins like ZEC are gaining attention in 2025 due to growing demand for secrecy.
How to Get ZEC?
Buy on Binance with USDT, BTC, or a card.
Store in wallets like Zashi, Trust Wallet, or MetaMask.
Trade on Binance or stake (if supported) for rewards.
ZEC is perfect for those who value privacy in crypto, offering a unique mix of anonymity and flexibility. It’s a high-risk, high-reward token to watch!
#Zcash #ZEC #PrivacyCoin #BinanceSquareb