In today’s ultra-fast paced world where our personal information, activities, and hobbies are increasingly being recorded and are well-documented, it’s no wonder that cryptocurrencies that are made with the intent to provide users with anonymity continue to be prevalent, despite all efforts from exchanges and regulators to restrict their accessibility. According to a comprehensive 2021 Clario analysis, social media platforms like Instagram and Facebook, capture 69-80% of their users’ personal data. So, in that context, if the controversial Meta-backed Diem digital currency finds success in reaching the general public, the Mark Zuckerberg-owned company will inevitably gain access to its users’ transaction data as well. Put differently, if Diem sees the light of the day, Meta will not only know who you are, what you do for a living, and what you enjoy, but they will also know what you buy, when you buy, and how much you spend. Luckily, ZCash is one of the leading digital currency blockchains that aspires to address this developing problem and give its users back control and privacy. Here’s everything you need to know about ZCash and how it works. What Is ZCash? In a nutshell, ZCash is a P2P (peer-to-peer) cryptocurrency, just like Bitcoin. Nevertheless, unlike BTC, ZCash’s exclusive priority is to focus on anonymous, private, and fungible transactions that BTC simply can’t do. As a matter of fact, ZCash was initially forked out ...
