Zcash (ZEC) is a privacy focussed coin that was born out of the Zerocoin project. Launched in 2016, this decentralized cryptocurrency provides strong privacy protections compared to other popular digital currencies by keeping the transaction information such as the sender, receiver and the value private on the blockchain. They claim to be the secure alternative to bitcoin and aims to be as annoymous as cash in the real world.
Zcash (ZEC) pioneers the use of zero-knowledge proofs using cryptography technologies that aid new types of blockchain applications to be built. Zcash (ZEC) ensures that the transactions by individuals and businesses remain confidential while leaving the choice to the user if they want to keep it private or disclose it for tax regulations or audit purposes.
The Zcash (ZEC) currency became the top 10 cryptocurrency list by market cap in 2017 with its unique properties and features that became a hit with its users. This includes features like zk-SNARKs that allow for information to be verified without having to disclose the entities associated with it. The currency is developed and maintained by the open source community with the Zcash Company and Zcash Foundation leading its evolution. The currency is accepted by major organizations including Apple, Wikileaks, Alphabay, etc.