Zcash is the first open cryptocurrency that can completely protect the privacy of transactions with the use of zero-knowledge cryptography. It is a decentralized and open-source cryptocurrency that provides reliable and robust privacy protections. Shielded transactions conceal the recipient, sender and the blockchain worth. Zcash features total payment confidentiality, while still upholding a decentralized network making use of a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all sales on the blockchain.
Zcash becomes strongest where Bitcoin is weakest, giving users the natural ability to maintain their financial privacy. If anything can compete with Bitcoin, it should be on this front. Zcash also features the ability to transact freely and privately with anyone and everywhere in the world.
Zcash has been addressed as being “untraceable.” Dissimilar to other blockchains, Zcash users can completely shield their transactions.
Zcash is exploring the use of zero-knowledge proofs, using cutting-edge cryptography for blockchain technology. Zero-knowledge proofs permit fully encrypted transactions to be set as valid. This new feature will enable entire new and fresh classes of blockchain applications to be developed. In the pre-digital currency world, both individuals and enterprises could rightly assume that their financial transactions would be kept private. With Zcash, users can enjoy the advantages the usage a public blockchain, while still being sure that their private information is well secured and protected.
Zcash stood at $48.37 as at the 1st of January, 2017 and is currently at $657.42 as at the time of writing (January 15th, 2018). The price of Zcash was at it’s highest on the December 21st, 2017 at $663.73 and saw it’s lowest point at $26.57 on the 23rd of February, 2017 but quickly bounced back up and continued on its upward trend until now. The year 2017 ended with Zcash being priced at $504.66 giving a 456.29% increase in 2017 alone. An investment of $100 at the beginning of 2017 would have given a $556.29 at year-end.
HOW TO BUY ZCASH WITH CASH ON CHANGELLY
Cash deposits aren’t directly made on the Changelly platform; you are only allowed to use your debit or credit card which of course would be connected to your bank account where you have your money. Whether you own a Visa or Mastercard, you can quickly make an exchange with that, and the cash would be debited from your bank account.
NEED TO PURCHASE SOME ZCASH (ZEC) WITH CASH USING THE CHANGELLY PLATFORM? FOLLOW THE STEPS BELOW:
You can purchase Zcash with a USD credit card by simply entering the amount in USD on the Changelly’s home page. Prices of all cryptocurrencies offered to be exchanged on the Changelly platform are based on real-time prices and are subject to change when their prices change on the general market. Zcash rate changes instantly based on increase or decrease in the current price of the digital coin.
On the homepage, choose USD from the drop-down on the first text field at the left and Zcash (ZEC) on the other.
Enter the USD amount you are willing to spend in the USD field, the number of Zcash you can purchase with the USD you had entered will automatically be filled in the other field. When done, Click Exchange!’.
The details of your transaction are displayed, look through and click the next button to proceed to the next step.
Input the recipient address (where you will like to receive your Zcash coins) which is your Zcash wallet address. You may need to add a payment transaction id, depending on the wallet used (this feature is optional). When done, click the next button.
Properly look through all information you have entered because confirming wrong data would cost you to lose your coins and your money also. When satisfied, Click on the ‘Confirm and Make Payment’ button to proceed.
The last step is where you are expected to enter your Credit Card details. For this, input your Credit Card number (found on the front of your debit/credit card), you also need to input the expiration date of your card with its CVC number, this data can be found at the back of your card. When all details are correctly entered, click on the “Pay button.” The platform displays the amount in USD which Changelly will deduct from your account.
Wait till the transaction is completed.
You should get a response after a successful transaction as it shows ‘Transaction is completed.’ Make sure you keep the transaction ID safe for future reference.
Your Zcash coins should be delivered within the next 30mins.
There are quite a few wallets for the Zcash coin; you can check them out here and download the one for your platform.