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Zcash (ZEC) is a cryptocurrency that is open-sourced, decentralized and built on a blockchain. The transactions are recorded on a digital ledger and are private and secure. Zcash was built in a similar manner to Bitcoin, but a major difference is that Zcash uses advanced cryptographic techniques and zero-knowledge proofs to make the transactions more anonymous.
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Zcash encrypts the content of shielded transactions and since the payment method is encrypted, the protocol uses a cryptographic method for verification. The method is called ak-SNARK, developed by Zcash. The method makes it so that transactions are secure, yet anonymous.
Zcash is built on a blockchain and that means it is similar to other cryptocurrencies. The transactions are recorded on a digital ledger and are available to be seen by anyone on the network. The big difference with Zcash from many other cryptocurrencies is that it uses a platform that makes it nearly impossible to track where the transaction came from.
How do I buy Zcash?
You can buy Zcash by using one of the currency exchanges such as Bittrex or Bithumb. These exchanges allow you to use a credit or debit card or bank transfer to buy Bitcoin and then you can exchange it for Zcash. You can then send Zcash to your sportsbook account and you can withdraw Zcash from your sportsbook account to your digital wallet.
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