Free Zcash faucets are a reward system, in the form of a web site or app, that dispenses prizes in the form of a zatoshi, that is a hundredth of a millionth ZEC, for visitors to claim in exchange for completing a captcha or task as delineate by the web site. There are faucets that dispense different cryptocurrencies. Rewards are distributed at various preset intervals of time. faucets typically offer fractions of a zcash, however the amount will usually fluctuate in line with the value of zcash.
Free Zcash faucets are an excellent way to help introduce new people to zcash, or to your favourite altcoin. several faucets offer info to newbies as well as offering them some free coins so they can try before they purchase, experimenting with a test transaction or 2 before putting real money on the road. Since this whole space is so new and a small amount scary to some people, who maybe don't quite trust it with their hard-earned money yet, this can be an excellent way to promote digital currency and attract new users.
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016. Development of protocol improvements and the reference implementation is led by the Zerocoin Electric Coin Company, colloquially referred to as Zcash Company. The founder and CEO of Zcash Company is Zooko Wilcox-O'Hearn. Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University. Roger Ver was one of Zcash Company's initial investors.
Zcash affords private transactors the option of "selective disclosure", allowing a user to prove payment for auditing purposes. One such reason is to allow private transactors the choice to comply with anti-money laundering or tax regulations. Transactions are auditable but disclosure is under the participant's control. The company has hosted virtual meetings with law enforcement agencies around the U.S. to explain these fundamentals and has gone on the record of saying that "they did not develop the currency to facilitate illegal activity".