This cryptocurrency is privacy driven – it uses cryptography to ensure maximum security for its users. Developed by cryptographers, the Zcash payments use a public blockchain, but users have the option to turn on an additional feature that allows them to hide the name of the sender, recipient and amount of the transaction. Therefore, operations can be transparent or hidden in a shielded pool. This gives users the options of privacy and control over their transfers, while still complying with anti-money laundering and tax regulations. Zcash acts like a type of https – a security certificate but for your money transactions rather than your website. The blockchain technology is better than earlier ones as Zcash brings the element of fungibility, thus allowing all units of cryptocurrency to remain interchangeable. The zero-knowledge proofs that the platform enables new apps to be built and fully encrypted transactions to be confirmed as valid. Zcash combines the perks of using a public blockchain and the security knowing all your personal data is completely safe.

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