Freedom of expression comes in many forms. One of them is the ability to send value to another person or business regardless of location or intent. Current financial privacy models are based on centralized systems which historically limit inclusion to the global market and are susceptible to compromise and potentially unlawful subpoenas, as highlighted in a recent lawsuit regarding surveillance on donors to Barrett Brown’s legal defense fund.
Zcash is a fork of Bitcoin with privacy improvements based on advanced zero-knowledge cryptography. Users have the ability to encrypt transaction data like sender, receiver, amount and a memo field before being stored in the Zcash blockchain. The zero-knowledge implementation, specifically zk-SNARKs (zero-knowledge Succinct Non-interactive ARguments of Knowledge) allows nodes in the decentralized network to verify transactions without knowing the data itself. Anyone in the world can use Zcash to make private payments by submitting transactions to the decentralized network of Zcash nodes.
The team of Z.cash believes that personal privacy is necessary for core human values like dignity, intimacy, and morality. The goal is to make Z.cash the premier platform for commerce – secure, borderless, and available equally to every person on our planet.