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ZECZcashZcash is a decentralized, open-source cryptocurrency developed based on the Zerocash Protocol, which was introduced in a 2014 IEEE conference paper. It uses zero-knowledge proofs and multiple account mechanisms to ensure transaction privacy. Like Bitcoin, the total supply of Zcash (ZEC) is 21 million. However, Zcash emphasizes privacy and controllable transaction transparency. Specifically, the public blockchain encrypts the sender, receiver, and transaction amount; users can choose whether to provide a viewing key to others, and only those with this key can see the transaction details. Zcash is a fork of Bitcoin, retaining Bitcoin’s original model, and is based on modified Bitcoin 0.11.2 code. Zcash wallets have two types of funds: transparent and private. Transparent funds are similar to Bitcoin, while private funds enhance privacy. Transactions involving private funds are confidential and untraceable, whereas transactions between transparent funds are publicly viewable.
ZEC/USDT is a spot trading pair where ZEC is the base asset and Tether is the quote asset. The price displayed on the page represents the amount of USDT required to purchase 1 ZEC. Buy orders use USDT to exchange for ZEC, while sell orders use ZEC to exchange for USDT.
After a spot order is filled, the relevant assets will be credited to the user's spot account. Whether an order can be filled depends on the order type, order quantity, and market liquidity.
