Zcash is a cryptocurrency based on Bitcoin source code. It offers confidentiality or selective transparency of transactions. Zcash payments are posted to a public blockchain, but the sender, recipient, and transaction amount can remain private. Like Bitcoin, Zcash has a fixed total offering of 21 million units.
Zcash is the originator of ZK-Snark, a process for opacifying transactions, and implemented on Ethereum.
And at 19,584 INR on 1st September 2017, ZEC reached to settle at 18,114 INR on 30th September 2017. The ZCash team had integrated Bitpie into their ecosystem and there were regular upgrades and releases that they were into.
And at 17,367 INR on 1st October 2017, ZEC experienced an up-surge at 15,783 INR on 30th October 2017. It was during this time that ZCash was integrated into Bithumb and Cex.io followed by protocol updates and collaborations.
And at 14,352 INR on 1st November 2017, ZEC experienced a rapid increase to 30,955 INR on 30th November 2017. During this time is when Grayscale launched Zcash Investment Trust which spiked ZECs price in the crypto markets.
And at 21,463 INR on 1st November 2017, ZEC saw a rise in its price to 32,361INR on 30th November 2017.
Initial price on 1 January 2018 was INR 38,136.49 and then ZCash finally reached INR 24,754.87 on 31 January 2018.
Starting off on 1 February 2018 at INR 25,217.35, ZCash was trading at INR 26059.57 on 28 February 2018.
The Zcash was founded in 2016 by Zooko Wilcox. The code of Zcash is open source and uses ZK-Snarks technology to secure transactions on its network which allows them to maintain an up-to-date and secure account log while retaining anonymous information about users and amounts exchanged during transactions. The token will be issued to a maximum of 21 million copies, like Bitcoin. Its mining perspective is that a block of Zcash is discovered every 2 minutes 30 seconds, against 10 minutes for Bitcoin.
The ZEC token which is based on a protocol called Zero-Knowledge proof allows the anonymisation of financial exchanges. Which basically is to erase the history of the token at the time of the transaction.
Limitations and benefits of the ZCoin project and the XZC token
The anonymous cryptos sector is very competitive (Monero, ZCoin ...)
Miners must pay a tax on their earnings
The prices fluctuate based on local demand and supply.