Zcash (ZEC) is a cryptocurrency based on Bitcoin but with added anonymity. With Bitcoin, all transactions are visible and open on the blockchain, so anyone can access wallet addresses and other transaction information. But with Zcash, users can use shielded addresses, which hide the address of the sender and receiver, as well as the amount of the transaction.
The Zcash cryptocurrency uses a proof of work mechanism to secure the network, so miners must compete with each other to solve each hash block. Mining rewards, otherwise known as block rewards, are paid out in ZEC. Zcash cryptocurrency can be used to buy goods and services safely and anonymously.
Zcash uses the zk-SNARK protocol, which is a function that proves a transaction took place while keeping the details private and anonymous, unlike most other cryptocurrencies on the market in Canada.
Since privacy is one of the most important aspects of blockchain technology, Zcash’s private transactions and use of the zk-SNARK protocol make it a highly promising investment and set it apart from other cryptocurrencies like Bitcoin.
Many of Zcash’s founding members and developers are scientists and other experts, including professionals from Johns Hopkins University. Zcash has become such a popular privacy coin in Canada because of the expertise of these team members. Further development of the project is likely to be successful with so many experts on board the project.
This, coupled with the fact that it is a secure and reliable privacy coin, makes Zcash a clear standout in Canada and around the world.
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After you sign up, you’ll need to verify your account.
Over 90% of our members get verified immediately, and then start trading right away.
Buy Zcash at the best rates as soon as your account is funded. It’s quick and easy, and you can get started with as little as $50 CAD!
Now that you know how to buy Zcash in Canada, you should consider a cryptocurrency wallet to keep it secure.
Coinberry is a Canadian digital asset trading platform that provides users the easiest and safest way to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Stellar in Canada. Assets held by Coinberry are not eligible for Canadian Investor Protection Fund coverage.
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