Zcash history

Zcash is a privacy-focused blockchain and cryptocurrency that was developed in response to Bitcoin's flaws. It uses the same algorithm as Bitcoin but improves upon it by enabling semi-transparent processing. In simple words, this means that it eschews the radical transparency of Bitcoin's blockchain for a more nuanced implementation. In this implementation, user transaction data is revealed selectively.

Zcash functionality

Another important property of Zcash is the fungibility of its tokens. This means that all parties within a transacting system treat Zcash tokens as equal, irrespective of transaction history. In public blockchains, these properties are impossible because it may be possible to blacklist tokens from a certain party based on its transaction history. In this respect, Zcash resembles present-day cash. It is difficult to discriminate against paper dollars from specific properties because their transaction history is difficult to glean.

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