/r/zec
Zcash is the first permission-less, decentralized, and open sourced cryptocurrency that can fully protect the privacy of user wallet holdings and transactions, while providing an encrypted memo character field, using zero-knowledge cryptography.
Zcash is viewed as an improvement over other cryptocurrencies, such as Bitcoin or Dogecoin, which expose the user's complete wallet balance and payments history to the on the public ledger.
Zcash is the first zero knowledge crypto protocol.
Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash's private transactions hide the sender, recipient, and value of transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control and can opt-in to provide others with their view key at their discretion.
For general Cryptocurrency discussion, please see: /r/CryptoCurrency
/r/zec
I restored my Y-Wallet using my seed phrase. The updated Sapling address is different than the original address and I'm unsure on how to get my old address to which the funds are located.
Google unveils "Willow" quantum chip - performing in 5 minutes what would take supercomputers septillions of years! https://x.com/Google/status/1866162390879834553
Zcash is already resistant to eavesdropping by future quantum attackers
ZEC is a great hedge against quantum devices
https://github.com/daira/zcash-security
Seismic Impact on Banking Immediate Effects:
Key Banking Concerns:
-Customer accounts need comprehensive security updates -Financial infrastructure requires restructuring
Cryptocurrency Market Impact
Bitcoin
Zcash
-Already quantum-threat resistant
-Leading future security revolution
#QuantumRevolution #FutureOfMoney #Banking #Crypto #GoogleWillow
Hello everyone,
I’m seeking expert help with an urgent issue regarding a Zcash wallet created using the BIP Utility library. A friend generated a Zcash wallet with a BIP49 address (T3 format) using this tool and sent funds to it. Unfortunately, since Zcash wallets (including of course zcashd) don’t natively support BIP49 addresses, he is now unable to access or create transactions to retrieve these funds.
The wallet’s seed phrase and private keys are accessible of course, but we are struggling to find a solution to recover the Zcash from this unsupported address format. If you have expertise in Zcash, BIP standards, or related tools and can assist with recovering these funds, he is of course willing to pay very nicely for success.
The person here had an identical problem:
https://forum.zcashcommunity.com/t/address-question-bip-version-mauling/46718
We have a demi-wallet created in the same erroneous process, with 100$ inside that we can share.
It can be used to try and get the money out and give us the method of how to do it.
Of course after proof of success, or before, we can discuss the payment for this. We are also able to pay for the attempt, but rather pay more for success.
Please reach out here or via direct message if you can help, or to get the details of the demi wallet. Your expertise would be greatly appreciated and compensated!
Thank you in advance.
Has the ledger 'swap' feature stopped working for zcash. This worked fine for me in the past, but is not allowing me to swap zcash for any other coins. Is this a liquidity issue, bug issue or change in functionality?
This post discusses all the issues that come with Proof of Work coins that depend on block rewards, and how Bitcoin could ultimately fail once the rewards get too low.
https://www.reddit.com/r/CryptoCurrency/comments/xngjx5/comment/iptbtq4/
Bitcoin seems to have three options….. huge fees which will make the network unusable, tail emissions like monero or, centralization and threats of a 51% attack. This is easily fixable but we all know how the lack of consensus can be over in the BTC community and how unlikely it would be to change (i.e., Bitcoin cash, silver forks).
Considering the fact that ZEC is supposedly moving to proof of stake, I think we made the right choice and might end up as the true store of value coin in the future. What do you all think?
I received an email from trust wallet.
They are saying It will be solved on next release but no timeframe for next release.
Don't use trust wallet. They are never trustable.
So I think I may move from trust wallet to ywallet. But
I don't know anything.
first of all I don't know about shilelded like tjhat. All I did was sell, buy, send, receive..
I think trust wallet address is transparent maybe I don't know well.
Can you guys let me know how to move from trust wallet to ywallet? (restore account..)
And I really want zec foundation to address this problem especially trust wallet.
I would like to exchange some of my Zcash for ETH. Unfortunately, Kraken has stopped accepting Zcash from German users for reasons unknown to me. Where can I exchange my Zcash for ETH?
I have over 10 on Coinbase. Should I keep it there or transfer it to a shielded address?
I have about 300 dollars in shielded zec in zashi. I was wondering how can I deshield that zec and send to another wallet such as Coinbase or trust wallet?
December 6th: 20:00 UTC
Zcash Global Discord: https://discord.gg/zcash
Trust wallet has a serious sending issues about zec now.
even a 1 zec can't be sent to coinbase as for my case.
As you can see in the picture, it is saying " wait until solved by their team till next update."
But I think like these issues must be solved ASAP.
I got to know this problem 3 days ago.
And others are saying 7 days ago at least on raddit too.
I will attach photos.
My zec coins are from coinbase I bought and 2years ago i moved those to Trust wallet.
And I now regret that vary much. lol...
What should I do. I am rookie about coin tech like these.
Is there any way I can.. like maybe export private key from trust wallet to another wallet?
I don't have any cold wallet. But if there any way i can do. I will buy one of them.
Can you guys Help me please.
Zcash is a privacy preserving digital currency. It is the first blockchain to leverage a novel technology called Zero-knowledge proofs to enable privacy and selective transparency. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount. Selective disclosure features within Zcash allow a user to share some transaction details, for purposes of compliance or audit.
Development work on Zcash began in 2013 by Johns Hopkins professor Matthew Green and some of his graduate students. The development was completed by the for-profit Zerocoin Electric Coin Company, LLC, led by Zooko Wilcox, a Colorado-based computer security specialist and cypherpunk. Over time, this company rebranded and converted to a non-profit org now known as the Electric Coin Company (ECC). Zcash development now occurs with support from ECC employees, the Zcash Foundation, and many community members through community elected funding streams that originate from ongoing Zcash mining rewards.
Please visit these other Zcash community sites for additional discussion, news, and debate: https://forum.zcashcommunity.com/ https://discord.com/channels/669694001464737815 https://twitter.com/ElectricCoinCo https://stocktwits.com/symbol/ZEC.X https://www.youtube.com/@DigitalCashNetwork
Hello! Legder an error occurred during the transaction. Please tell me what needs to be done?
1-Naval commends Zcash for its efficiency. By using Proof of Work (PoW), Zcash benefits from a reliable and time-tested security model.
The "focused" aspect highlights Zcash’s commitment to its core mission: privacy. This sets it apart from many crypto projects trying to do everything without excelling in anything.
Naval contrasts Zcash with programmable blockchains like Ethereum, pointing out that Zcash’s simplicity reduces its attack surface. With every added feature comes additional risks, which Zcash avoids by staying streamlined.
Here, Naval acknowledges the challenges faced by privacy-focused chains like Zcash. In an era of increasing regulatory scrutiny, privacy comes with risks, but it also offers unique opportunities for those who value financial freedom.
Naval envisions a future where crypto ecosystems specialize. In this vision, Zcash could become the leading player in privacy, just as Bitcoin symbolizes a store of value and Ethereum stands for programmability.
Hi, just installed Zashi and send one transaction of transparent ZEC to my wallet. One hour passed and i can't get the shielding process to work, see the error message, what could that mean?
What wrong with Zec? I CAN NOT SEND Zec. Tried increased fee multi times, but not work, Anyone please help
Placing Zcash (ZEC) under the "Monitoring Tokens by Market Capitalization" list due to its supposed higher volatility and risks raises valid concerns. While Zcash, like many cryptocurrencies, experiences fluctuations, labeling it as exhibiting "notably higher risks" seems unjustified, especially given the inherent volatility of emerging digital markets.
Zcash boasts a strong market capitalization and significant trading volume, yet this monitoring tag risks unfairly stigmatizing it. Such classifications can mislead investors and harm the reputation of a project that prioritizes privacy and security—innovations that deserve recognition, not unwarranted caution.
Rather than applying ambiguous tags, platforms should focus on educating users about genuine risks and fostering transparency. Zcash is more than just a cryptocurrency; it represents a vital step toward financial privacy that deserves balanced consideration, not reactionary labels.
To CZ (Changpeng Zhao) :
Hi CZ, as a long-time supporter of Binance and the crypto ecosystem, I’m curious about the reasoning behind adding Zcash to the 'Monitoring Tokens' list. Zcash is a well-established project with significant market cap and a focus on privacy—a cornerstone of blockchain innovation. Labeling it as notably risky seems to contradict the ideals of decentralization and freedom that Binance champions. Could you clarify how these decisions are made? Transparency in such cases strengthens trust with your community
I just noticed I got a lot lol
He keeps talking to me about it and I don’t understand any of this stuff can someone explain in girl terms
I am big into privacy coin and I really like Zcash's underlying technology, especially since they moved to a non-trust setup with Halo 2 zkSNARKs. However, there are two glaring problems that make it unusable as a privacy coin.
First, there are barely any shielded transactions. I was going through the Zcash blockchain today and maybe like 1 in 100 transactions were shielded. That would make it very easy for a company like Chainanalysis to use heuristics to identify people when leaving and entering the shielded pool, which in turn makes it useless as a privacy coin.
Second, there are barely any places that allow you to exchange Zcash without KYC especially using shielded transactions. In other words, there is very little KYC-less liquidity. To be fair, this is a problem that plagues Monero as well, especially in the post LocalMonero world.
If these two problems were solved I would be really enthused about Zcash.