Global trading platform and currency broker eToro has named Zcash (ZEC) as the best privacy coin on the market. ZEC’s unique structure which features ‘selective disclosure’ is key to this nomination. The trading platform published the report over the weekend.
Zcash offers the highest level of privacy out of all crypto assets. The coin allows both the receiver and the sender of a transaction to shield their identities. On top of that, the complete transaction history of an user can be secured and hidden. Not every transaction is secure though, as users can choose between public t-transactions and hidden z-transactions. This is the so-called selective disclosure.
Currency broker eToro isn’t the only one who’s backing Zcash. Crypto billionaires and founders of the Gemini exchange, Cameron and Tyler Winklevoss, believe ZEC is the most important privacy coin on the market. Mainly because selective disclosure could be a reason for regulators to approve Zcash.
Currently Zcash is the 21st biggest crypto project in the market. ZEC is valued at $54,87 and has a total market cap of 78.6 million dollars. Just like bitcoin, ZEC operates though a Proof-of-Work mining network.
Also published on Medium.