Cryptocurrency Q&A
Is ZEC a coin or token?
Is ZEC a coin or token?
EchoSoulQuantum
Sat Jun 29 2024
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7 answers
1564
I'm curious to understand the classification of ZEC in the cryptocurrency space. Could you please clarify whether ZEC is considered a coin or a token? This distinction is important in determining its functionality, use cases, and potential within the broader ecosystem. I'd appreciate a concise yet comprehensive answer that helps me understand the fundamental nature of ZEC in the cryptocurrency landscape.
7 answers
Isabella
Mon Jul 01 2024
At its core, Zcash maintains the scarcity principle by having a predefined total supply limit.
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CherryBlossom
Mon Jul 01 2024
This limit is set at 21 million coins, a figure that ensures the long-term value of the digital asset.
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Stefano
Mon Jul 01 2024
Just like Bitcoin, Zcash utilizes a mining process to generate new coins.
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KimonoGlory
Mon Jul 01 2024
Miners are rewarded with Zcash tokens for verifying and adding transactions to the blockchain.
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Dario
Mon Jul 01 2024
Zcash, a cryptocurrency, boasts a tokenomics structure akin to Bitcoin's.
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