Are you aware of the benefits of the crypto ZCASH?
As you have seen the biggest crypto regulated marketplaces (the ones that allow you to transfer crypto from/to credit card/bank like binance) have delisted Monero. It is due to the fact Monero transactions are private and authorities can't spy on these transaction.
Zcash was also about to get de-listed but its inventors tricked everybody. They created two types of addresses.
t1XG8Fv74J2U3abcdEFG5678HJK9LmNoPQR
ztestsapling1e4fabcdef5678ghijklmno9pqrstuvwx
I think Binance only allows transfers from and to T-addresses, but you don't care because you can transfer ZEC (zcash) from T addresses to Z addresses. So, you can catch or send ZEC to Z addresses and nobody will be able to spy on these transactions. Using Zcash you don't need to use a crypto mixer. Right now, i think z addresses are accountable for less than 40% of all zcash transactions.
I think Kraken accepts both T and Z addresses.
Formats of these addresses are very different from other addresses and it is great.
As you have seen the biggest crypto regulated marketplaces (the ones that allow you to transfer crypto from/to credit card/bank like binance) have delisted Monero. It is due to the fact Monero transactions are private and authorities can't spy on these transaction.
Zcash was also about to get de-listed but its inventors tricked everybody. They created two types of addresses.
1ï¸âƒ£ Transparent Addresses (t-addresses)
- Format: Starts with "t1" or "t3" (e.g., t1abcd1234xyz...).
- Similar to Bitcoin addresses ”“ all transactions are public and visible on the blockchain.
- Used for:
✔ Exchanges
✔ Merchants
✔ Transparent transactions where privacy isn't needed.
t1XG8Fv74J2U3abcdEFG5678HJK9LmNoPQR
2ï¸âƒ£ Shielded Addresses (z-addresses)
- Format: Starts with "z" (e.g., zabcd1234xyz...).
- Provides full privacy ”“ balances, senders, and recipients are encrypted and hidden from public view.
- Uses zk-SNARKs (zero-knowledge proofs) to ensure private transactions.
- Used for:
✔ Privacy-focused payments
✔ Confidential transactions
ztestsapling1e4fabcdef5678ghijklmno9pqrstuvwx
I think Binance only allows transfers from and to T-addresses, but you don't care because you can transfer ZEC (zcash) from T addresses to Z addresses. So, you can catch or send ZEC to Z addresses and nobody will be able to spy on these transactions. Using Zcash you don't need to use a crypto mixer. Right now, i think z addresses are accountable for less than 40% of all zcash transactions.
I think Kraken accepts both T and Z addresses.
Formats of these addresses are very different from other addresses and it is great.
Block Time (Confirmation Speed)
- Zcash transactions are confirmed approximately every 75 seconds (1.25 minutes) because Zcash has a block time of 75 seconds.
- This is faster than Bitcoin (which has a 10-minute block time).
Number of Confirmations for Transaction Finality
| Type of Transaction | Confirmations Needed | Time to Confirm |
|---|---|---|
| Standard ZEC transaction (t-address to t-address) | 1 confirmation | ~75 seconds |
| Shielded transaction (z-address to z-address) | 1 confirmation, but processing time is higher | 75 seconds + processing delay |
| Exchanges (e.g., Binance, Kraken) | 3-24 confirmations | 3-30 minutes |