{"id":10296,"date":"2023-07-06T09:27:02","date_gmt":"2023-07-06T09:27:02","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10296"},"modified":"2023-10-23T20:23:26","modified_gmt":"2023-10-23T20:23:26","slug":"zcash-zsc-complete-guide","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide","title":{"rendered":"Zcash (ZSC) complete guide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide\/#history_of_zcash\" >History of Zcash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide\/#how_does_zcash_work\" >How does Zcash work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide\/#mining_of_zec\" >Mining of ZEC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide\/#price_of_zec\" >Price of ZEC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide\/#zcash_vs_bitcoin\" >Zcash vs Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide\/#where_to_buy_zcash\" >Where to buy Zcash?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Zcash is a\u00a0<strong>decentralized and open source<\/strong>cryptocurrency\u00a0which arises from a fork of Bitcoin. However, this curious cryptocurrency has its own blockchain, through which it can be\u00a0<strong>privata<\/strong>\u00a0completely\u00a0<strong>anonymous<\/strong>.<\/p>\n<p>The most interesting thing about this cryptocurrency is that transactions are recorded in the Zcash blockchain, however the sender and recipient data are confidential, as well as the amount of the transaction carried out. That makes Zcash a complete\u00a0<strong>anonymous<\/strong>\u00a0cryptocurrency, which differs from cryptocurrencies such as Bitcoin which is not anonymous but pseudonymous and could be traced.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"history_of_zcash\"><\/span><strong>History of Zcash<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The cryptocurrency Zcash was born on 28 October 2016 as\u00a0<strong>Bitcoin fork<\/strong>\u00a0together with an implementation of a protocol created by Matthew D. Green and students Ian Miers and Christina Garman.<\/p>\n<p>The goal of this protocol was to\u00a0<strong>improve privacy<\/strong>\u00a0and the anonymity of Bitcoin. In the beginning it was called Zerocoin and it was implemented in currencies like Zcoin, because the implementation of this protocol in Bitcoin required a great computing capacity. Later a new<strong>\u00a0cryptographic protocol<\/strong>\u00a0with the aim of solving many of the problems that presented and would be called\u00a0<strong>Zerocash<\/strong>.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_zcash_work\"><\/span><b>How does Zcash work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To understand how Zcash works, you have to identify its<b>\u00a0two types of addresses.<\/b><\/p>\n<ul>\n<li><b>Indirizzi privati:\u00a0<\/b>These transactions appear in the browser, however the addresses and the transaction amount are encrypted thanks to the use of zk-Snark. However, the owner of the transaction can reveal the transaction details by sharing the display keys.<\/li>\n<li><b>Transparent addresses:<\/b>\u00a0these types of addresses work the same way as those of Bitcoin.<\/li>\n<\/ul>\n<p>It should be made clear that, although they are different approaches, the funds may be\u00a0<strong>sent and received<\/strong>\u00a0between a\u00a0<strong>private address and a transparent one<\/strong>. The choice of address to use depends on the user.<\/p>\n<div id=\"image_598412004\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-08-que-es-zcash-02.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-08-que-es-zcash-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-08-que-es-zcash-02-300x205.jpg 300w\" alt=\"que es zcash Bitnovo\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-08-que-es-zcash-02.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-08-que-es-zcash-02-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/12\/202011-fila-08-que-es-zcash-02.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<p>Scheme of operation of zk-Snarks.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"mining_of_zec\"><\/span><strong>Mining of ZEC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being a fork of Bitcoin, this cryptocurrency is obtained by the algorithm of\u00a0<strong>Proof of Work (Pow)<\/strong>\u00a0its issue is limited to a total of<strong>21 million units<\/strong>, just like Bitcoins. However, Zcash had a founders\u2019 reward system by which 10% of the\u00a0<strong>mineral rewards<\/strong>\u00a0it was distributed equally among the founding company of Zcash.<\/p>\n<p>However this system of reward of the founders has been eliminated this year 2020, and currently the miners receive the\u00a0<strong>100% of the reward<\/strong>\u00a0of their work.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"price_of_zec\"><\/span><b>Price of ZEC<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Zcash has a current value of $68 dollars, has a market capitalization of $731,774,858 dollars, reaching its maximum price on October 26, 2016, when it went out on the market reaching a value of $5941 dollars.<\/p>\n<p>Its lowest value took place on March 13, 2020 reaching a value of $18.94.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"zcash_vs_bitcoin\"><\/span><b>Zcash vs Bitcoin<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Zcash arises as a result of Bitcoin and although both cryptocurrencies are similar, Zcash is characterized by some changes compared to Bitcoin.<\/p>\n<ul>\n<li>The\u00a0<b>production rate<\/b>\u00a0of Zcash blocks (2.5 minutos) is greater than that of Bitcoin (10 minutes)<\/li>\n<li>Zcash offers a\u00a0<b>complete anonymity<\/b>\u00a0however Bitcoin is a pseudonymous and traceable cryptocurrency.<\/li>\n<li>Zcash has a function through which transactions\u00a0<strong>may expire<\/strong>\u00a0if they have not been completed within a certain time, by returning the amount of the transaction to its issuer.<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"where_to_buy_zcash\"><\/span><b>Where to buy Zcash?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you want to know how to buy Zcash (ZEC) coins we recommend you to<a href=\"https:\/\/www.bitnovo.com\/en\/buy\/zcash\/\">\u00a0buy Zcash\u00a0<\/a>on bitnovo. It\u2019s really a<b>quick and safe way<\/b>\u00a0to do it.<\/p>\n<p>Our goal as a company is to make a person who has just entered the world of cryptocurrencies able to buy any cryptocurrency so\u00a0<b>easy and fast<\/b>, without suffering the inconveniences that most crypto exchanges have.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Zcash is a\u00a0decentralized and open sourcecryptocurrency\u00a0which arises from a fork of Bitcoin. However, this curious cryptocurrency has its own blockchain, through which it can be\u00a0privata\u00a0completely\u00a0anonymous. The most interesting thing about this cryptocurrency is that transactions are recorded in the Zcash blockchain, however the sender and recipient data are confidential, as well as the amount of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":7072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10296"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7072"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}