ZCash is fast becoming a strong candidate for the “coin of the future” due to its robust focus on financial privacy and innovative use of zero-knowledge proofs (zk-SNARKs) – just look at the monthly chart price of it’s ZEC coin going up!
Unlike many cryptocurrencies where transactions are public, ZCash allows users to make optional “shielded” transactions, which encrypt the sender, receiver, and amount while still being verifiable on the blockchain. This provides a critical level of ensuring all coins are treated equally and have no identifiable history, which is essential for a true currency.
As concerns about digital surveillance and data transparency increase (especially with the rise of Central Bank Digital Currencies), ZCash’s unique balance of privacy and selective disclosure allows users to share transaction details for audits, if or when necessary, which meets both the individual user needs and potential future regulatory requirements if they come up.
So… why is ZCash and it’s ZEC coin growing so fast compared to Monero?
submitted by /u/Proper-Plantain9387
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