Zcash (ZEC) Cryptocurrency Economic Model and General Information

What does it do?

Zcash is a decentralized and open-source cryptocurrency that offers its users privacy and selective transparency of transactions. Payments are recorded on blockchain, however, the sender, recipient and the amount may remain private.

Key Features

  • Shielded or transparent payments.
  • Encrypted memos.
  • Transaction expiration (if not mined in 50 minutes).

General information

Company NameThe Zerocoin Electric Coin Company LLC
Incorporation dateNovember 13, 2014
Incorporation Address5655 West 8th Avenue
Lakewood, CO 80214
United States
Websitehttps://z.cash/
Bloghttps://z.cash/blog/
Phone626-249-2274

Economic details

Crypto CurrencyPrice24H % Change
ZEC
60.64-1.8%

Initial Funding & Distribution
TickerZEC
Token TypeCryptocurrency
Total Supply SoldThere was no ICO
Total Amount Raisedn/a
Price During the Crowdsalen/a
Hard Capn/a
Whitepaperhttps://whitepaperdatabase.com/zcash-zec-whitepaper/
Token Distribution10% Founders' Reward
90% Miners' Reward
Founders Reward ends in 2020 with the first Halving.
Distribution of Funds raisedn/a
Crowdsale Daten/a
Sources:
https://z.cash/blog/founders-reward-transfers

Zcash is private, therefore, there is no rich list.

Source: https://z.cash/support/faq

Social Media

Team

 TitleNameLinkedin
CFOAndy Murrayn/a
COODavid Cambell
CTONathan Wilcoxn/a
Founder & CEOZooko Wilcoxn/a
Director of Product SecurityBenjamin Winston

Development

Total number of Commits14699 Commits (14 Repositories)

Partners

StarkWare – a company developing the Full Proof Stack for the STARK zero-knowledge protocol.

J.P.Morgan – a global financial services firm and one of the largest banking institutions in the United States, with operations worldwide.

Parity – a blockchain infrastructure company.

Competitors

Monero – a cryptocurrency which helps users to make private and censorship-resistant transactions.

Komodo – a fork of Zcash which allows users to choose if they want to keep their transaction confidential.

Verge – it uses TOR (The Onion Router) and I2P (Invisible Internet Project) network to become anonymous.

Zcoin – a zerocoin protocol which allows users to be anonymous.

DASH – uses a privacy – centric cryptographic currency which makes the transaction anonymous once a user uses PrivateSend.

Bitcoin Private is a unique forked currency as it is a merge of Bitcoin and ZClassic. It has the same privacy features as ZCash.

Bytecoin is using CryptoNote technology which make transactions untraceable and unlinkable.

Hshare/Hcash it uses the same zero-hash proof concept as Zcash which allows fully anonymous transactions.

Fiat Money – physical bills and coins that are used as a medium of exchange and issued by a government. The total supply is unlimited.

Potential market and clients

The main target is a consumer who is protecting his financial privacy. The adoption depends on the implementation of regulations for private cryptocurrencies and how willing users will be to switch from cash to anonymous cryptocurrencies.

Utility and economic dynamics

  • ZEC is used to pay transaction fees.
  • ZEC can be used as a transfer of value.