Breaking Down The Architecture Of Zcash
Once bitcoin made huge success back in 2009 and paved the way for thousands of alternative cryptocurrencies, some of them took the opportunity to thrive while others fell short along the digital track. As the demand for privacy and anonymity increased and big data became easily accessible, the crypto users wanted to find some other digital currencies that could help them protect their identity that Bitcoin couldn’t do. Zcash (ZEC) seems to provide this level of privacy protection and fungibility by allowing the users to remain completely anonymous.
The Fungibility is the ease which the commodity can be changed for another one which is very important in the crypto world since it makes sure that a users’ coin is as good as another.
While yes, Bitcoin is an open ledger system, Zcash (ZEC) is an encrypted open ledger. This means that even though the transactions are recorded forever on the blockchain, the transactions are encrypted and can only be viewed by the users that already have granted access to them.