I would like to understand the cryptocurrency zcash a little bit better...
My understanding of it is that there are two address types t-addresses and z-addresses. Only transaction between two z-addresses are fully private. Transactions between t-addresses are working as transactions in bitcoin, i.e. the degree of privacy is exactly the same. Also there are two different pools: shielded pool and unshielded pool.
- Zcash is based on a base currency. As far as I know it is bitcoin, right?
- I guess the coins in the shielded pool are zcoin, right?
- How about the unshielded pool? Are they bitcoins or zcoins? (i.e. the marketcap of zcoins consists only of the coins in the shielded pool or both pools?
Thanks a lot for any kind of help!