ZelCash (ZEL)

Zelcash is a cryptocurrency that holds a central role in the Zel Ecosystem. It gives the incentive for ZelNode ownership to enable the creation of ZelDex and the ZelDev Platform, enabling us to create a truly decentralized development platform. Zerocash(2014), which later became the Zcash project (2016), used zk-SNARKs (Zeroknowledge Succinct Non-interactive ARguments of Knowledge) to bring about truly anonymous peer-to-peer transactions. Building on Bitcoin, Zcash improved upon Zerocash with security fixes and adjustments, as well as improved functionality and performance. The same way Bitcoin became the first widely adopted electronic currency, Zcash became the first widely adopted anonymous electronic currency.