Buy for long term
*ZCash (ZEC)* is a privacy-focused cryptocurrency launched in 2016. It was designed to provide enhanced financial privacy compared to most other cryptocurrencies.
*Key Features:*
1. *Privacy Options:*
- ZCash offers two types of transactions:
- *Transparent:* Like Bitcoin, where sender, receiver, and amount are visible.
- *Shielded:* Uses *zk-SNARKs* (Zero-Knowledge Proofs) to hide sender, receiver, and amount.
2. *zk-SNARKs:*
- A cryptographic technology that allows a transaction to be verified without revealing any details.
3. *Limited Supply:*
- Maximum supply is 21 million coins, same as Bitcoin.
4. *Use Cases:*
- Used for private, untraceable transactions.
- Favored by users who want anonymity or protection from surveillance.
*Advantages of ZCash:*
- Offers strong privacy.
- Ideal for people or organizations who value financial confidentiality.
