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Zcash is a decentralized and open-sourced internet cryptocurrency. Compared with Bitcoin, it is more focused on privacy and controllability of transparent transactions. This is practiced in the following: public blockchain encrypts the payer, payee and transaction amount in the record; the user can decide whether to provide the viewing key to other people, and then only the one who owns the key can view the content of the transaction.
There are two types of the fund in Zcash wallet: transparent fund and private fund. Transparent fund is similar to bitcoin funds, while private fund enhances the privacy. Transactions involving private fund are confidential and cannot be revealed, while transparent fund and its transactions are accessible to public.
The blockchain of Zcash appeared on October 28, 2016. A total amount of 21 million pieces are halved once every 4 years. During the four years before the first halving, 20% of mining revenue, which was 2.1 million in total, was distributed to the Zcash team and its investors. After the first halving, 100% of mining revenue will be given to all miners.