Zcash Foundation Reports $15.87 Million in Assets in Q3 Update

The foundation discloses financial holdings and outlines engineering activities, with monthly operating costs at $200,000.

ZEC

Summary

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Terms & Concepts
  • Zcash: A privacy-focused cryptocurrency that uses zero-knowledge proofs to enable secure and anonymous transactions.
  • Zero-knowledge proof: A cryptographic method allowing one party to prove to another that a statement is true without revealing any information beyond the validity of the statement.