Start investing in ZEC (Zcash) through Huobi, one of the most popular Cryptocurrency exchanges.
ZEC (Zcash)
Zcash is a decentralized and open source encrypted internet currency.
It adopts zero-knowledge proof and multiple account mechanisms to ensure the anonymity of transactions.
How to buy ZEC (Zcash) on Huobi?
Follow the easy 4 steps below to buy ZEC (Zcash) on Huobi.
- Register a Huobi Global account
Provide an email address, create a username, and choose a secure password. - Verify your account
After registering and verifying, all you need to do to buy Bitcoin is to provide your name, date of birth, country/region and phone number. For verification information, see the verification documentation. - Deposit in fiat currency or cryptocurrency
To deposit cryptocurrency, you only need to check the encrypted address on Huobi Global and send funds to that address. There are many ways to use fiat currency to fund your account for transactions, including credit cards, cash, and other cryptocurrencies. - Start buying Bitcoin on Huobi
Once your fiat currency or cryptocurrency is in your account, you can start buying Bitcoin. Through your Huobi Global account, you can get trading charts, 24-hour global customer support, and ZEC (Zcash) derivatives trading.
What is ZEC (Zcash)?
Zcash is a cryptocurrency that grew out of the Zerocoin project, aimed at improving anonymity for Bitcoin users.
The Zerocoin protocol was initially improved and transformed into Zerocash, which thus yielded the Zcash cryptocurrency in 2016.
The founder and CEO of Zcash is Zooko Wilcox-O’Hearn.
Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University.
Roger Ver was one of Zcash’s initial investors.
Zcash payments are published on a public blockchain, but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted.
In the first 4 years, 20% of the coins created in that period are allocated to a “founders’ reward” shared between investors, developers, and a non-profit foundation.
Zcash affords private transactors the option of “selective disclosure”, allowing a user to prove payment for auditing purposes.
One such reason is to allow private transactors the choice to comply with anti-money laundering or tax regulations.
“Transactions are auditable but disclosure is under the participant’s control.” Wilcox has hosted virtual meetings with law enforcement agencies around the U.S. to explain these fundamentals and has gone on the record of saying that “they did not develop the currency to facilitate illegal activity”.
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Comment by Hans
April 24, 2024
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