Z cash - A Detailed Guide

Z cash is a digital currency that offers privacy and selective transparency of transactions. Zcash is based on Zero coin protocol, which improves upon the original Bitcoin protocol by adding zero-knowledge proofs to hide transaction data (sender, recipient, and amount) from all but participating parties.
 
While Bitcoin allows you to send money to someone and specify a message, Z cash adds the option to keep that information private. If you want, you can choose to reveal some or all of the data associated with a transaction.
 
The amount of data revealed varies depending on how you configure your transaction. For example, if you send 1 ZEC to someone, they will be able to see that 1 ZEC was sent, but they won’t be able to see who sent it.
 
If you send 1 ZEC from Address A to Address B, and then later send 1 ZEC from Address B to Address C, it will be difficult for anyone to determine that the same person was behind all three transactions.
 
This is because, when you send a transaction on the Zcash network, your data is encrypted and sent through a process called “zk-SNARKs”. This zero-knowledge proof allows the network to verify that a transaction is valid without revealing any information about the sender or recipient.
 
Z cash also offers “view keys”, which are cryptographic keys that allow you to share selective details about a transaction with someone who doesn’t have the private key for your Z cash wallet.
 
For example, if you want to send 1 ZEC to someone and reveal the amount but not the sender or recipient, you can do so by creating a “view key”.
 
The person you’re sending the money to can then use that view key to verify that 1 ZEC was sent, without seeing any other information about the transaction.
 
View keys are a useful tool for auditing or compliance purposes, but they come with a risk: if someone else gets your view key, they can see all the transactions associated with it.
 
So, if you’re planning on using view keys, be sure to keep them safe and secure.