ZEC to NGN converter(ZEC/NGN: Convert Zcash to Nigerian Naira)

ZEC overview

Zcash is the first blockchain system to use a zero-knowledge proof mechanism, which can provide complete payment confidentiality while still being able to use public blockchains to maintain a decentralized network. Same as Bitcoin, the total amount of Zcash tokens (ZEC) is also 21 million. The difference is that Zcash transactions automatically hide the sender, receiver, and amount of all transactions on the blockchain. Only those who have the view key can see the content of the transaction. Users have complete control, and they can choose to provide other people with the view key. ZCash is a branch of bitcoin, which retains the original model of bitcoi and is modified based on the code of Bitcoin version 0.11.2. ZCash wallet funds are divided into two types: transparent funds and private funds. Transparent funds are similar to Bitcoin funds; private funds enhance privacy. Transactions involving private funds are confidential and unchecked. Transactions between transparent funds and transparent funds are publicly available.