10 Facts About Zcash

Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin.

Zcash coins are either in a transparent pool or a shielded pool.

The shielded pool of Zcash coins were further analyzed for security and it was found that the anonymity set can be shrunk considerably by heuristics-based identifiable patterns of usage.

Zcash affords private transactors the option of "selective disclosure", allowing a user to prove payment for auditing purposes.

Development work on Zcash began in 2013 by Johns Hopkins professor Matthew Green and some of his graduate students.

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The development was completed by the for-profit Zcash Company, led by Zooko Wilcox, a Colorado-based computer security specialist and cypherpunk.

The Zcash Company raised over $3 million from Silicon Valley venture capitalists to complete development of Zcash.

The initial demand was high, and within a week Zcash coins were trading for five thousand dollars a piece.

Setup of Zcash required the careful execution of a trusted setup procedure — something that subsequently became known as "The Ceremony" — to create the Zcash private key.

The paper claimed that since the current heuristics from a 2018 Usenix Security Symposium paper entitled "An Empirical Analysis of Anonymity in Zcash" still continue today that the result is making Zcash less anonymous and more traceable.