1. Project introduction

Zcash is a Proof-of-Work (PoW) cryptocurrency designed to address some of the inherent flaws of Bitcoin e.g., lack of fungibility.

The primary features of Zcash are as follows:

(1) Addresses: Zcash has two types of addresses: private (z-addresses) and transparent (t-addresses). Z-addresses start with a “z,” and t-addresses start with a “t.” The two Zcash address types are interoperable. Funds can be transferred between z-addresses and t-addresses. There are privacy implications of shielding or deshielding information through these transactions. Today, most wallets and exchanges exclusively support t-addresses, although support for shielded addresses is available for mobile and desktop wallets.

(2) Transactions: Transactions between two transparent addresses (t-addresses) work just like Bitcoin: the sender, receiver and transaction value are publicly visible. Transactions involving shielded addresses include shielded (z-to-z), shielding (t-to-z), and deshielding (z-to-t), with the z-address getting privacy protections. The most secure transaction is a shielded (z-to-z) one, which encrypts the sender and receiver addresses and transaction amount. However, all transactions appear on the public blockchain, so a transaction is known to have occured and what fees were paid.

(3) Viewing keys: The owner of a z-address can share its transaction details with trusted third parties via a view key–a key that grants read access but not spend authority over the address. This allows for “selective disclosure”, where transactions are auditable but disclosure is under the participant’s control. This allows compliance with payment for auditing, tax regulations, or anti-money laundering rules.

2. Team introduction

COO, CFO: Andy (Andrew) Murray

Linkedin: https://www.linkedin.com/in/andrewmmurray

CEO: Zooko Wilcox-O’Hearn

Linkedin: https://www.linkedin.com/in/zooko-wilcox-o%E2%80%99hearn-143116191

3. Investment institution

Block ventures, Boost VC, Digital currency group, Fenbushi Capital, Galaxy digital, Panera capital, Maple ventures etc.

4. Application and distribution

Total supply: 21,000,000

Token application:

ZEC is used as a native currency within the Zcash network. Transactions in Zcash can either be transparent or shielded . Transparent transactions operate similar to Bitcoin with visible addresses and transaction amounts while shielded transactions operate with hidden addresses and transaction amounts.

Token distribution:

the protocol has a built-in "founders' reward." This reward is equal to 10% of the total (21m) tokens outstanding and are distributed via miner block rewards over the first four years after launch. The initial distribution of the founder’s reward is broken out below (based on 10% total):

5.72% to Founders, Employees, Advisers

1.65% to Electronic Coin Company Equity Investors

1.44% to Zcash Foundation

1.19% to Electronic Coin Company Strategic Reserve