Zcash Is Now Available On The eToro Exchange

Zcash Is Now Available On The eToro Exchange

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Zcash, one of the most popular privacy based cryptocurrencies in the space, is now available for trading on eToro.

Zcash was initially launched in 2016 by the Electric Coin Company, and is supported by the Zcash Foundation, a public charity. Zcash has the goal of bringing privacy to the blockchain. As a hard fork of Bitcoin, Zcash keeps the original 21 million unit supply from Bitcoin but changes other parts of the newly forked blockchain to enhance security of transactions and privacy. Zcash users have the option to use their public ledger to conduct transactions, or can choose to use their private transaction protocol, known as zk-SNARKs. By utilizing this method, Zcash has accomplished its goal of following in the footsteps of fiat currency, with the ability to send and receive funds without having to share the transaction details.

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Unfortunately for eToro users, their users will not be able to take advantage of the “stealth” transactions offered with Zcash, as eToro is a Gibraltar regulated exchange. eToro users will be able to deposit, send, and trade with ZEC, but it will have to be done on the public decentralized ledger option. You can start trading Zcash on eToro today.

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