Hello and welcome to this blog post about Zcash ZEC White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Zcash ZEC white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Zcash (ZEC).
I can ensue you that, you will be able to understand every bits and pieces related to Zcash (ZEC) after going through the Zcash ZEC white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Zcash ZEC White Paper
Zcash ZEC white paper will be going to provide you, all the information that is needed to get started with Zcash (ZEC), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Zcash (ZEC).
“Zcash is an implementation of the Decentralized Anonymous Payment scheme Zerocash, with security fixes and improvements to performance and functionality.
It bridges the existing transparent payment scheme used by Bitcoin with a shielded payment scheme secured by zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARK). It attempted to address the problem of mining centralization by use of the Equihash memory-hard proof-of-work algorithm.
This specification defines the Zcash consensus protocol at launch, and after each of the upgrades codenamed Overwinter, Sapling, Blossom, and Heartwood. It is a work in progress. Protocol differences from Zerocash and Bitcoin are also explained.”
White Paper Link: Zcash (ZEC) White Paper
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