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Zcash reward will halving at block height 840000
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Zcash reward will halving at block height 840000

Launched in 2016 by Zooko Wilcox-O’Hearn and based on the Zerocoin protocol, Zcash (ZEC) is a decentralized and open-source privacy-focused cryptocurrency that enables selective transparency of transactions.

Zcash transactions can either be transparent or shielded through a zero-knowledge proof called zk-SNARKs. This allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved.

Instead of publishing spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is being dishonest.

Zcash block rewards will halve the at block height 850,000 for the first time. After halving, the block award will be 6.25 ZEC. And the daily mining output will drop to about 3550 ZEC. The production reduction date is expected to be October 2020. For more details, users can visit zcash.tokenview.com to find more.