What is Zcash?
Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control and can opt-in to provide others with their view key at their discretion.
Zcash Online Mining
It is now easy to mine Zcash online without your own hardware. If you want to remotely mine new Zcash altcoin sign up at Genesis Mining and use the following promotional code to get 3% discount:
This is your Genesis Mining dicount code for all online miners. You can mine sha-256, X11 altcoins together with the newest altcoin Zcash.
Why mining Zcash?
Zcash uses a zero-knowledge proof construction called a zk-SNARK. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.