Zcash cryptocurrency review – appearance and technical aspects, course and forecast

Cryptocurrency Zcash (ZEC) is an innovative decentralized, the first among other digital money, currency with a unique open-source code, which allows for absolute closed operations. Actually, Zikesh was created with the aim of solving one of the urgent problems of Bitcoin – the ability to track the movement of money.

All transactions are completely closed: the blockchain uses an open platform for transfers, but the names of the recipients, senders, and the amount of money are kept secret. The principle of operation is based on the use of a cryptographic method of evidence with zero disclosure, or zk-SNARK. It is he who makes it possible to confirm the veracity and infallibility of financial transactions without disclosing data on participants and the value of the transaction.

Thanks to the use of the zero-knowledge protocol, Zcash cryptocurrency transactions are stored on a completely encrypted blockchain. Secret contracts allow the use of open blockchains while maintaining complete anonymity.

The new coin is becoming more popular among users. Some experts believe that in the near future it will be able to compete with the Monero cryptocurrency, also intended for closed currency transfers, as well as with DASH, and even with Bitcoin. The new project attracted the attention of many companies, in particular, the Digital Currency Group. And the authors continue to work to increase the reliability and stability of their coins.

So Zcash, at first glance, seems to be a very promising digital currency. But there is another opinion: a development that ensures the anonymity of the currency can be used for illegal transactions in the field of arms, people, drugs, or the creation of fake likes. And this bodes many problems with law enforcement.

To become the owner of the Zcash cryptocurrency, it is enough to carry out a few simple manipulations in the online Mat by the exchanger. The whole process takes no more than 10-15 minutes. There is even a detailed video instruction. After the purchase, the cryptocurrency can be left in storage at Matby, or sent to another crypto wallet. In addition to Zcash in Matby, you can buy Bitcoin, Litecoin, and Dash.

The following advantages can be noted in the work of the Matby service :

  • service support – 24 hours a day,
  • instant processing of applications,
  • profitable course
  • resource availability in two languages,
  • security, since all actions are confirmed by SMS, Google Authenticator and PIN code,
  • the ability to track transactions and their current status,
  • a large selection of ways to replenish and withdraw funds,
  • built-in wallet for storing cryptocurrencies in a reliable “cold” storage.

At present, the action “Cryptomedia” is operating in Matby. It is necessary to perform any operation (replenishment, withdrawal, exchange) every Wednesday to get a double bonus, which can be used in the following operations.

Current ZEC to dollar rate.

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