Zcash is a cryptocurrency distinguished by its emphasis on privacy. Unlike Bitcoin, which has a transparent ledger, Zcash employs zero-knowledge proofs to enable transactions to be verified without revealing the sender, receiver, or transaction amount. This allows users to conduct transactions with a higher degree of confidentiality than is typical in other cryptocurrencies, making it a privacy-focused alternative.
Zcash experienced a price surge driven by renewed interest in privacy coins and its alignment with 'Cypherpunk Principles'. A Galaxy Digital report highlighted Zcash as a Bitcoin alternative, further fueling the rally. DASH also saw gains.
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