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Zcash risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Zcash. All crypto assets are risky, there are general risks in investing in Zcash. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Zcash’s price performance
Zcash in the news
Jan van Eck questioned whether Bitcoin offers enough encryption and privacy, saying some longtime holders are examining Zcash as the market reassesses long-term assumptions.
Monero's network activity reflects the real-world demand for privacy coins, but Zcash’s spike looks more like a high-beta market trade that is no longer tied to network activity.
Cypherpunk Technologies, a privacy-focused digital asset company, acquired an additional $18 million in Zcash holdings,...
The digital-asset treasury firm is sitting on a over 100% paper gains following Zcash's recent rally.
Your look at what's coming in the week starting Nov. 17.
The company is also rebranding as Cypherpunk Technologies with ticker change to CYPH, effective Thursday.
Cypherpunk Technologies, formerly known as Leap Therapeutics, a cancer research company expanding into digital assets,...
BitMEX co-founder Arthur Hayes urged holders of Zcash (ZEC) to withdraw their assets from centralized...
A move from cash or crypto to going fully private takes minutes on average in a less than five-step process, as CoinDesk Research said in its recent Zcash report.
Zenrock's wrapped Zcash token, zenZEC, has achieved $15 million in trading volume on the Solana blockchain since its launch on Oct. 31.
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Zcash FAQ
Dive deeper into Zcash
Cryptocurrencies are frequently chosen over fiat currencies by users seeking to safeguard their privacy. Centralized authorities can monitor online transactions and access users' data, which has led to concerns among individuals. In response to this issue, cryptocurrencies have emerged as a solution.
Cryptocurrencies provide a higher level of privacy and anonymity compared to traditional financial institutions. Among the primary cryptocurrencies that prioritize user privacy is Zcash (ZEC). Zcash utilizes advanced cryptographic techniques to protect user identities and transaction details, empowering individuals with increased control over their financial privacy.
What is Zcash?
Zcash is a decentralized cryptocurrency that prioritizes privacy and security using advanced applied cryptography. Built on a blockchain similar to Bitcoin's open-source code, Zcash sets itself apart with its innovative shielded addresses. These addresses provide enhanced anonymity, ensuring that transactions on the Zcash network remain private and secure.
The ZEC team
Zcash was founded in 2016 by Zooko Wilcox, a cypherpunk, computer security expert, and entrepreneur. Wilcox, who also founded the for-profit Electronic Coin Company (ECC), has played a crucial role in the development of Zcash.
In creating the Zcash protocol, Wilcox collaborated with professors and academic researchers from prestigious institutions such as Johns Hopkins University, Massachusetts Institute of Technology (MIT), Tel Aviv University, and Technion. With over 25 years of experience in cryptography and information security, Wilcox has made significant contributions to various notable projects, including DigiCash, Mojo Nation, and the Tahoe Least-Authority File Store filesystem.
How does Zcash work?
Zcash is designed to prioritize user privacy and transaction anonymity. The protocol utilizes advanced cryptographic technology, including zero-knowledge (ZK) proofs, to protect the anonymity of participants in transactions.
The native token of Zcash, ZEC, functions as digital cash for online payments, providing a secure and private medium of exchange in the digital realm. Zcash incorporates two types of addresses: shielded and transparent, which offer different levels of privacy and visibility in transactions.
Shielded transactions
In Zcash, shielded transactions employ zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs) technology to enable fully anonymous transactions on a public and immutable blockchain. While the transaction itself is recorded on the ledger, the sending and receiving addresses and the amount sent are not publicly disclosed.
Transparent transactions
In addition to shielded transactions, Zcash users also have the option to execute transparent transactions. Transparent transactions are conducted between public addresses and are recorded on the blockchain. Unlike shielded transactions, the details of transparent transactions, including the amount sent and the sending and receiving addresses, are accessible online and can be viewed by anyone.
ZEC tokenomics
The ZEC tokens are created through "block subsidies" every time a new block is mined and added to the blockchain. These newly generated coins are allocated in a ratio of 80:20 to the "miner subsidy" and "founders' reward." The issuance rate slows as the total supply of ZEC approaches its maximum limit of 21 million, and the block subsidy is halved at regular intervals.
ZEC use cases
ZEC has several use cases within its ecosystem. It is utilized for peer-to-peer (P2P) payments, borderless transactions, and preserving medical information privacy. As a privacy coin, Zcash enables users to maintain their anonymity.
Zcash distinguishes between transparent addresses, which are visible on the blockchain, and shielded addresses, which provide enhanced privacy by not appearing on the blockchain. Moreover, ZEC serves as a store of value, allowing individuals to preserve their wealth and hedge against inflation.
Distribution of ZEC
ZEC is distributed as follows:
- 80 percent is reserved as block rewards.
- 8 percent is awarded to Major Grands Fund, a funding program for Zcash ecosystem contributors.
- 7 percent is allocated to ECC founders.
- 5 percent is allotted to the ZCash Foundation.
What does the future hold for Zcash
ZEC is distinguished as a highly decentralized cryptocurrency, strengthening its resilience against attacks. Its security is reinforced by a Proof-of-Work (PoW) mining algorithm, attracting an expanding network of miners as time progresses. With its strong security measures and promising use case, Zcash demonstrates considerable long-term potential, positioning it as a prime option for investors seeking a valuable cryptocurrency to acquire and hold for the future.
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