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What is zcash (what does zsc mean)

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what zcash is

what zcash is Bitcoin Cash Cash (BCH) and Litecoin (LTC) are popular Cryptocurrency in the market at present, and they are all developed through Zcash. But what exactly is zcash? According to a report published by zk rollups technicians, the main working principles of zcash are revealed: first, it uses zkSNARKs based on Zero-knowledge proof technology to ensure its security; Secondly, it is a new type of encrypted digital asset supported by the Zcash network; Finally, due to its original design intention to meet the needs of decentralized financial applications, it has also been adopted by many projects

What does zsc mean?

Zero-knowledge proof (zsc) is a decentralized Cryptocurrency created by MaxKeiser, a contributor to Bitcoin Core. It is a token running on the blockchain. Zcash is the first blockchain system to implement anonymity using this technology. Users can use this protocol for anonymous transactions through their mobile wallet Although the ZCash network does not have the same privacy as Bitcoin, its functions are vastly different: anyone can transfer funds from one platform to another or send them to other accounts anytime and anywhere. Therefore, once a user pays funds to a third party through this wallet, their account will be hacked and permanently disappear.

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