Launched in March of 2017, Zcash’s mission statement is stated as follows: “Companies need the protection of privacy along their supply chain in order to conduct their business, especially in the context of public blockchains. In addition, we believe that personal privacy is necessary for core human values like dignity, intimacy, and morality.” Thus, Zcash is a decentralized and open source cryptocurrency. It shields transactions by hiding the sender, recipient, and value on the blockchain. One of the great analogies Zcash uses is this: If Bitcoin is like http for money; then Zcash is https for a secure transport layer.
Touted as a better block technology, Zcash has fungible cryptocurrency; enables new applications; and upholds confidentiality. Zcash has also been lauded by such magazines and papers as The Economist, The New York Times, Bloomberg, Forbes, and many more.