Zcash ZEC

Zcash provides privacy and allows users to send transactions over the network efficiently, easily, and with low fees. Users who require additional privacy can utilize Zcash's shielded transactions feature, which provides additional privacy for users' personal information.

Monero is more secure in terms of anonymity by providing privacy by default (no additional settings), so every transaction is protected. Zcash allows users to choose for themselves what information they want to keep private. When considering them as an investment, Monero is a higher priority option due to its stronger market position.

The main purpose of ZEC today is to move funds within the network. Zcash is also attractive due to ZEC's ability to conduct confidential fund transfers and hide personal financial information using ZEC's own tokens. In addition, ZEC can be used as a means of payment. The high level of privacy has a downside, as ZEC can be used for purchases on the darknet.

Unlike most cryptocurrencies, Zcash provides privacy and true anonymity to users and their transactions. Because ZEC uses Zk-SNARK keys instead, users never need to reveal their addresses to each other, which greatly reduces the amount of information that can be disclosed. However, it is possible to disclose this data for audit or compliance purposes.

Zcash was developed in 2016 by scientists at MIT, Johns Hopkins University, and other respected academic and scientific institutions.

The All-Time-High (ATH) of ZEC is $5 941.8, while the All-Time-Low (ATL) is $15.96