Fully Shielded Zcash Transactions Hit New High After 70% Rise in April
The number of fully shielded transactions made on the Zcash (ZEC) network has hit a new all-time high after rising by 70% in April to over 8,700, representing 6% of the total transaction recorded on the cryptocurrency’s blockchain.
Zcash supports two types of addresses: z-addr, which are shielded, and t-addr, which are transparent. T-addr transactions are fully transparent and can be viewed on the public blockchain, while transactions between z-addr addresses are fully shielded. T-addr to z-addr transactions can have some shielded components.
The number of fully shielded transactions, between two z-addr addresses, grew 70% in April, after growing 100% in March as well. The increase in shielded transactions may be related to wallets making it easier for users to take advantage of the feature.
Per CoinTelegraph, fully shielded transaction number started surging after Zcash was added as a perpetual contract option on Binance.
