What is Zcash Block?

On average, Zcash block time stands at 150 seconds (two and a half minutes), and 12.5 coins may be mined for each Zcash block. But actually, Zcash is unique in that it halves the creation rate of its coins every four years (when an amount of 840,000 is mined).

Essentially, this halving process reduces 12.5 Zcash to 6.25, and then to 3.125 in the future.

Zcash is designed to keep users’ transaction history hidden from the public, and it’s the first cryptocurrency to be totally permissionless, a zero-knowledge form of cryptography. This means users can validate transaction data without giving away any personal information.

As Zcash can encrypt your transaction amounts, payment details stay safe in the protocol. It utilizes a proof mechanism known as zk-SNARK, which was created by the development team behind Zcash.

Implementing zk-SNARK empowers Zcash ability to keep users’ identity secret when money is sent or received. No third-party can access details about users, which is a major advantage for anyone concerned about privacy. With other cryptocurrencies, information on the sender and worth of transactions may become public while just the metadata undergoes encryption.

But Zcash’s approach reassures users that it’s reliable and anonymous.

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More features