Zencash transactions is untraceable? I haven't found anything about.
ZenCash is a platform for secure communications and for deniable economic activity. It is an evolution of the Zcash codebase aimed at primarily enabling secure communications and resilient networking. As a platform it enables secure global messaging, persistent file storage, and private economic activity.
Zero-knowledge encryption allows for private economic activity where the recipient, sender, and amount of activity is kept confidential.
ZenCash extended Bitcoin with fully anonymous shielded transactions, so that users can
choose between normal Bitcoin-like addresses (t-addresses) or shielded addresses resistant
to traffic correlation analysis (z-addresses).
T transactionsT transactions are the traditional blockchain-recorded transactions controlled by a private
key in a wallet. These are derived from Bitcoin, and enable rapid compatibility with
exchanges, wallets, and other Bitcoin-derived ecosystem applications.
Z transactionsThese are transactions sent to shielded addresses, as inherited from Zcash and Zclassic.
Balances in shielded addresses are private. If spending to one or more shielded addresses,
the value stays private but any transparent addresses on the receiving end will deshield the
token and reveal the value received on the blockchain. The input shielded addresses and
whether the value was sent from one or two of these remains confidential when deshielded.
Thanks for describing it to me.
I'm supposed to say, ZenCash looks very promising. And obviously, zen will be popular over time.
Just glad I saw this thread.
