Mining Zcash with your CPU is also possible, but GPU mining gives better results. To start mining Zcash, a miner should have a powerful Nvidia graphics card. Limited supply in a world concerned with privacy could result in ZEC reaching new highs. Zcash also undergoes regular halvings, where the block rewards get cut in half. When looking at the similarities with Bitcoin we notice that the total supply is the same. Because of its focus on privacy, investors believe that Zcash can easily become a good store of value, similar to Bitcoin. What is Zcash worth today? It is currently trading at $36/coin. But following the 2018 bear market, ZEC lost a lot of its value. When Zcash first hit the markets, it was trading at over $4.000. ZEC is trading on popular exchanges such as Gemini, Binance, Huobi or DigiFinex. They can tweak their privacy settings the way it suits them with the blockchain’s shielded transactions. Users concerned with their privacy have the option to remain completely confidential when transacting with Zcash. A user can prove that he paid his taxes without revealing the total amounts. That is why the platform has developed so-called zero-knowledge proofs that allow individuals and institutions to understand the communicated Zcash info without seeing private data. Blockchain systems are transparent, but publicly available financial data can be controversial. The Zcash roadmap also puts a lot of emphasis on interoperability and scalability. The network is based on the Bitcoin code, but in the long term, Zcash is meant to correct some of Bitcoin’s flaws regarding privacy and anonymity.
ZEC is the cryptocurrency used on the Zcash platform. Zcash is a global and privacy-oriented blockchain developed by Zooko Wilcox in 2016.
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