What is Zcash?
cryptocurrency·@charlie.wilson·
0.000 HBDWhat is Zcash?
http://i0.wp.com/cryptohustle.com/wp-content/uploads/2016/10/ZCash.png?fit=1800%2C1056 [Image source](https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0ahUKEwiZltirwZPQAhWJ0YMKHeywDi8QjxwIAw&url=http%3A%2F%2Fcryptohustle.com%2Fzcash-genesis-mining&psig=AFQjCNGbqmO1mnXNw8nxZLMfO-C5uWRUPQ&ust=1478500376438618) # Zcash Zcash is a fairly new cryptocurrency that stemmed from Bitcoin. It is known for being able to make untraceable transactions. It accomplishes this using "zero-knowledge proofs." Normal cryptocurrency exchanges, such as Bitcoin, can be easily traced on the Blockchain to and from each virtual wallet. Zcash uses a very advanced method to encrypt each transaction. There is controversy about how Zcash will be distributed. The organization is set up like a company. There is a tax on the mining rewards called the founder's reward. Looking at their policy, some basic math shows that the investors and workers of the company will end of with 10% of the total supply. This is a huge chunk! Are the creators of Zcash being a little bit too greedy with their chunk of the wealth? You guys tell me what you think in the comments. Here are a few sources. Click on the links if you would like to read some more about Zcash. - http://futurism.com/so-what-is-zcash-all-about/ - https://www.cryptocompare.com/coins/guides/what-is-zcash/ --- <center>https://i.imgsafe.org/5b80091fff.png</center>
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