What is Zcash (Zcash)?

ZCash is a Bitcoin fork with a different hashing algorithm and security protocols. ZCash started as Zerocash; it was later improved upon by the Electric Coin Company and rebranded ZCash. ZCash verifies ownership of coins and transactions more anonymously than Bitcoin, thus providing more security for users.

Is Zcash faster than bitcoin?

Zcash’s mining time is eight times faster than Bitcoin. When you mine Zcash, you’ll be rewarded with newly minted coins. Zcash’s block reward halves every four years. The reward started at 12.5 Zcash, then reduced to 6.25 Zcash, and now sits at 3.125 Zcash. In November 2024, the reward will be reduced to 1.5625 Zcash.

How long does it take to mine Zcash?

Once there are 21 million Zcash in circulation, no more can be mined, and you’ll only be able to acquire them by purchasing them on an exchange or from an individual. New blocks of Zcash are created for mining roughly every 75 seconds, meaning every 1.25 minutes. Zcash’s mining time is eight times faster than Bitcoin.

What is a grayscale Zcash Trust?

The trust itself is a traditional investment vehicle that holds Zcash shares in your name. It allows you to have Zcash in your portfolio without having to buy and store it yourself. You can even hold shares of Grayscale Zcash Trust in a tax-advantaged account like an individual retirement account (IRA) or even a Roth IRA.