ZecWallet Lite – full-featured shielded wallet for Zcash. Syncs in less than a minute. No need to download blockchain!
Zcash —An open source cryptocurrency developed by Zerocoin Electric Coin Company that provides privacy and selective transaction transparency. Zcash payments are published in a public blockchain, but the sender, receiver, and transaction amount remain private. The Zcash trademark, ZEC, is not an official ISO 4217. The minimum transfer value – 10-8 ZEC – was called “kill”, by analogy with “satoshi” – the same amount of bitcoin. Like Bitcoin, Zcash has a fixed maximum total stock of 21 million units. The average block formation time is 150 seconds (2.5 minutes). It was announced on January 20, 2016.
The level of anonymity of Zcash is noted by many well-known companies and individuals. For example, WikiLeaks began accepting donations to Zcash, Edward Snowden called cryptocurrency the most interesting alternative to Bitcoin, and Europol officially expressed concern about the growing popularity of cryptocurrency.
Interchangeability. There is no difference between coins, no matter how they were received.
The impossibility of compromising. The history of the origin of the coin cannot be established.
Guaranteed anonymity. By using a zero-knowledge proof protocol, only the sender and receiver can know about the transaction
Untraceability of transactions. The zk-SNARK protocol hides any external data except the timestamp.
Zecwallet Lite now fetches accurate historical ZEC prices for your transactions!
When viewing a transaction, Zecwallet Lite will now use the price of ZEC at the time the transaction was made, instead of the current price. You can also export all your transactions and view the ZEC price at the time of the transaction, useful when doing your Taxes, etc…
Another change is that Zecwallet Lite now fetches the prices from the LightwalletD server. After this change, Zecwallet Lite doesn’t contact any other 3rd party services or APIs.
Zecwallet-Lite is z-Addr first, Sapling compatible lightwallet client for Zcash. It has full support for all Zcash features:
Send + Receive fully shielded transactions
Supports transparent addresses and transactions
Full support for incoming and outgoing memos
Fully encrypt your private keys, using viewkeys to sync the blockchain
While all the keys and transaction detection happens on the client, the server can learn what blocks contain your shielded transactions.
The server also learns other metadata about you like your ip address etc…
Also remember that t-addresses don’t provide any privacy protection.
Zecwallet-Lite does automatic note and utxo management, which means it doesn’t allow you to manually select which address to send outgoing transactions from. It follows these principles:
Defaults to sending shielded transactions, even if you’re sending to a transparent address
Sapling funds need at least 5 confirmations before they can be spent
Can select funds from multiple shielded addresses in the same transaction
Will automatically shield your transparent funds at the first opportunity
When sending an outgoing transaction to a shielded address, Zecwallet-Lite can decide to use the transaction to additionally shield your transparent funds (i.e., send your transparent funds to your own shielded address in the same transaction)
Compiling from source
You need to have the following software installed before you can build Zecwallet Fullnode