How much does Zcash cost?

With the default transaction fee of 0.0001 ZEC, users can find an effective cryptocurrency solution. Encrypted memos are another prominent highlight in the features of ZCash. Shielded transactions on ZCash have a memo field that allows senders to add relevant information in a completely encrypted manner.

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 are zk-SNARKs & why should you use Zcash?

ZK-SNARKs are the foundation of the shielded addresses, thereby ensuring a formidable value proposition for businesses. The primary features of ZCash are associated with addresses and transactions. You can learn more about the ‘shielding’ advantage by reflecting on the two notable features of ZCash.

Is Zcash a mineable coin?

Like most cryptocurrencies, Zcash is a mineable coin. In other words, the market is entirely reliant on miners introducing new Zcash by mining them. Zcash uses a proof-of-work mining algorithm, which requires miners to compete against each other to produce a new block by completing difficult math problems.