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Exchange Zcash (ZEC) on Exolix

Zcash is an anonymous, blockchain-based virtual currency. It was originally a fork of the Bitcoin code called Zerocoin in 2014. Zcash has begun work on a white paper prepared by Eli Ben-Sasson, Alessandro Chiesa, Christina Garman, Matthew Green, Jan Myers, Eran Tromer, and Madars Virza. The Zcash blockchain launched in 2016 with the goal of replicating Bitcoin with increased security and user anonymity, compared to other cryptocurrencies, Zcash provides greatly improved privacy.

The zero-knowledge proofs used by Zcash provide the previously discussed privacy and security. Among the earliest systems that depend on some type of zero-knowledge proof are zk-SNARKs (""short non-interactive zero-knowledge arguments""). Zk-SNARKs allow one party to verify that it has certain knowledge without revealing it, thereby confirming the data. Verification of “shielded” transactions using zk-snarks. Shielded transactions consist of at least one shielded address, encrypted sender, amount, and recipient information.

Zcash launched the mainnet for its major network upgrade, NU5, in 2021. By migrating Zcash to Halo's verification system, NU5 integrated Halo 2's zero-knowledge verification system (“Halo”). Halo Arc provides automatic migration, moving money to the most recent secure pool, ensuring the security of secure transactions."