Zcash is a privacy-focused cryptocurrency that uses trustless zero-knowledge proofs to enable fully encrypted transactions while maintaining blockchain transparency and security. In practice, it was the first cryptocurrency to implement zero-knowledge encryption for private peer-to-peer payments, addressing the fundamental privacy gap in traditional cryptocurrencies that expose transaction details publicly.
With a fixed supply of 21 million ZEC and a halving schedule similar to Bitcoin, Zcash lets participants prove transactions are valid without revealing sensitive information like wallet balances, transaction amounts, or participant identities, making it suitable for everyday payments, long-term savings, and cross-border money transfers where financial confidentiality matters. In practice, the protocol operates on its own blockchain currently using Proof-of-Work consensus, though it's evolving toward Proof-of-Stake through the planned "Crosslink" upgrade to enhance security, scalability, and energy efficiency. Latest snapshot shows market cap near $4,016,883,509, 24h volume around $289,016,198, 24h change down 5.23%. DexBrief is currently monitoring a live market route on NEAR via Rhea Finance. DexBrief is currently blending 5 public market feeds for this market snapshot.
Public reference history for this asset dates back to 2016-10-28. Project references place Zcash on the NEAR network. Market data providers usually group Zcash with Smart Contract Platform, Privacy Coins, and Layer 1 (L1). Cross-chain contract listings currently include NEAR.