The ZECUSD pair consists of the ZCash cryptocurrency and the US dollar. It is one of the promising Forex trading assets due to its similarity with Bitcoin and high confidentiality.
ZCash is a digital coin developed by Zerocoin Electric Coin Company in 2016. Its main feature is the greater anonymity of transactions compared to other cryptocurrencies. Shielded transactions are based on the Equihash algorithm and zk-SNARKs cryptography. The system encrypts all transaction data except for the execution time. Transactions can be carried out both securely and transparently. Thus, the data may be disclosed for audit and verification of regulatory requirements.
Some analysts believe that ZCash will soon become the main competitor of Bitcoin. Like Bitcoin, ZCash is also available for mining. Its total supply is 21 million coins. Both ZCash and BTC are based on a public blockchain and use a decentralized confirmation system. However, ZCash provides complete anonymity of transactions.
It is possible to make money by trading the ZECUSD on short time frames. To do this, track the instrument's volatility and analyze the data that determines its price. Pay special attention to financial regulators dealing with cryptocurrencies and news about a possible ban on ZCash coin.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.


