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Overview: Zcash (ZEC) is a highly-encrypted cryptocurrency that is focused on providing a platform for private payment transfers. Being that payment information is encrypted, the blockchain protocol utilizes a proprietary cryptographic mining method to verify validity. The platform is backed by a zero-knowledge proof construction called zk-SNARK. The zk-SNARK helps ensure that no one is cheating and stealing, while protecting identities and information. “Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value.”
Circulating Supply: 3.37 Million ZEC
Mineable: Yes
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Disclosure: Spotlight Growth’s Crypto Cheat Sheets are not meant to be an endorsement or recommendation to invest or trade in the respective cryptocurrency mentioned above. They are meant strictly for information and entertainment purposes only. Please consider the risks and extremely speculative nature of cryptocurrencies before investing, which may not be suitable for all individuals. Spotlight Growth has no personal or business connections to any of the cryptocurrencies or their respective companies. However, the owner may have positions within one or more of the crypto coins mentioned for purposes of speculation or investment. For those that are active within crypto space, Spotlight Growth would like to remind you to exercise financial responsibility. PSA: These are very interesting and exciting times, but it is not recommended to take out additional mortgage, loan, liquidate 401K, utilize credit cards, etc. in order to participate within these markets. Please view SEC website for more details to consider: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11
