Zcash ZEC
Cryptocurrency · Layer 1 · Proof of Work (PoW) · launched in 2016
№9of 40 004
- $1 234
- Price +0.72%
- $20.58 billion
- Capitalization
- $705.61 million
- Volume over 24 hours
- 0.76%
- Dominance
About the coin
- Circulating supply
- 16.93 million ZEC
- Total supply
- 16.93 million ZEC
- Maximum supply
- 21 million ZEC
- Fully diluted capitalization
- $25.53 billion
- 24h high
- $1 296
- 24h low
- $1 205
Zcash (ZEC) is a privacy-focused cryptocurrency launched in 2016 by a team led by Zooko Wilcox. Technically, Zcash grew out of Bitcoin's code but added zero-knowledge proofs (zk-SNARKs). They allow transactions to be confirmed without revealing the sender, recipient, or amount. Users can choose their address type: transparent like Bitcoin, or shielded for private transfers. ZEC is mined through Proof-of-Work consensus, with a capped and decreasing coin supply at each halving. Zcash is considered one of the leading privacy cryptocurrencies and trades on many major cryptocurrency exchanges worldwide.
Additional information
FAQ
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Zcash is a cryptocurrency that enables private transactions. Its coin is called ZEC. Technically, Zcash is based on Bitcoin code but enhanced with cryptography that can hide the sender, recipient, and transaction amount.
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Zcash was developed by a team of cryptographers and engineers led by Zooko Wilcox. The network launched in 2016. The project is based on scientific work by researchers from leading universities who proposed using zero-knowledge proofs in cryptocurrencies. The protocol is being developed by several independent organizations, including the Zcash Foundation.
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This is a type of zero-knowledge proof. The technology allows you to prove that a transaction is valid—the sender has sufficient funds and coins are not spent twice—without revealing its details. The network verifies the transfer is correct but doesn't see who sent how much to whom.
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No. Privacy in Zcash is optional. There are transparent addresses whose transactions are visible on the blockchain, like Bitcoin, and shielded addresses whose data is hidden. Modern wallets use unified addresses and apply shielded transfers by default, but the resulting privacy depends on which addresses the sender and recipient use.
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Both cryptocurrencies focus on privacy but work differently. In Monero, all transactions are hidden by default, while Zcash lets you choose between transparent and shielded transfers. The technologies differ too: Zcash uses zero-knowledge proofs, while Monero uses ring signatures and stealth addresses.
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Yes. ZEC is mined using the Proof-of-Work algorithm (Equihash). Currently, specialized equipment (ASIC) is required for efficient mining. A portion of block rewards is directed toward protocol development funding.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .