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Zcash is a decentralized and open-source cryptocurrency developed by the Zcash Electric Coin Company (ZECC) that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. The Zcash project was formally announced by CEO Zooko Wilcox-O’Hearn on Jan 20, 2016, as an evolution of the existing Zerocoin project (the work of Matthew Green, Ian Miers, Christina Garman, and Aviel D. Rubin, at The Johns Hopkins University Department of Computer Science, Baltimore). With the new Zerocash protocol, unlike the old Zerocoin protocol, users can make direct payments to each other with a vastly more efficient cryptographic protocol that also hides the amount of the payment, not just its origin.

Note: These are non-technical definitions meant for a general audience and should not be used as legal definition
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