What is the digital currency ZEC (What is the coin ZEC digital currency)
ZEC is a digital currency that is completely decentralized. It uses an encryptio
ZEC is a digital currency that is completely decentralized. It uses an encryption algorithm called zero-knowledge proof to ensure security and privacy by recording transactions on the blockchain and verifying their validity. Users can use ZEC as collateral to obtain stablecoin ZEC or other cryptocurrencies based on the Bitcoin network, or as a payment tool for purposes such as loans, portfolio management, and hedge funds.
Currently, the protocol mainly supports USDT, BTC, LTC, EOS, and other mainstream assets.
What is the ZEC digital currency?
According to cryptoglobe news, the ZEC digital currency is a hard fork of Bitcoin. After trading began on January 18, 2019, its price soared to nearly $20,000 and is currently around $42,000. According to statistics from ecoinometrics, by the end of 2018, the price of ZEC had reached $34,000, with a market value of approximately $700 million, a fivefold increase compared to early 2017. Therefore, this digital currency is a type of encrypted asset and is a completely decentralized system (by combining smart contracts and distributed ledger technology).
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