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Private transactions are possible due to the unique structure of Zcash. Using shielded transactions can keep users’ personal information private. Users who may want additional privacy can take advantage of Zcash’s shielded transactions. Zcash allows users to send transactions through the network efficiently, easily, and with low fees. Zcash is a privacy-protecting digital currency built using complex math and computer science to deliver high-tech security. While Zcash has been criticized for potentially providing a haven for illegal transactions, the goal of the Zcash Foundation is to protect users’ privacy for legitimate, non-nefarious reasons. While Bitcoin and other cryptocurrencies expose user’s financial history and current holdings when making transactions, Zcash has shielded transactions that obfuscate a user’s personal information. Transactions can be confirmed quickly and efficiently on the Zcash network as ZEC is built on Bitcoin’s original codebase. Zcash was created as a decentralized and open-source cryptocurrency that offers privacy and security for users’ financial history. Zcash was founded in Oct 2016 by a team of scientists led by Zooko Wilcox-O’Hearn in response to demands from the blockchain community for an open financial system with additional privacy features. With the success of Bitcoin, the gates opened for hundreds of alternative cryptocurrencies (altcoins) – including Zcash (ZEC). How Many Zcash (ZEC) Coins Are in Circulation?.Who Are the Founders of Zcash? (History of ZEC).