Just like any other commodity or stocks or shares which are traded on stock exchanges; cryptocurrencies too are traded over the cryptocurrency exchanges which are spread all over the world. Zcash is one such cryptocurrency which has been traded in high volumes all around the world. The concept of cryptocurrency was put forward by a pseudonym Satoshi Nakamoto in a white paper. It envisioned a way of transfer of goods and merchandise as well as services over the net without being caught by any third party or law enforcement agencies. It was catered as a truly decentralized global currency of the digital age free from the government controls.
Similarly, on the lines of Bitcoin, several other cryptocurrencies which amount to more than 1300 have come up in the market cashing up the success of Bitcoin. Zcash is one such cryptocurrency which is considered as the gold standard in the world of cryptocurrencies. After the Thanksgiving Day, high trading volumes were observed in that Zcash cryptocurrencies all over the world particularly in the United States and in Western Europe. These high trading volumes have caused the prices of the Zcash to rise at considerable high level. People who had invested in Zcash earned their fortunes when its prices were too low have been so far very much during this gala in ZCash cryptocurrency.
The original stated purpose of the Zcash cryptocurrency was to increment the privacy for the utilizers of this cryptocurrency in comparison to other cryptocurrencies which include Ethereum, Bitcoin, etc. A specialized protocol for improving the implementation of reference was put in use by the zero points electric company in the Zcash cryptocurrency. The founder of Zcash cryptocurrency was Zooko Wilcox-O'Hearn who took the use of Massachusetts Institute of Technology’s cryptographers to make it foolproof.
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