Today was the launch with the release of the first or genesis block. Zcash is backed by famous names in the cryptocommunity;people like Peter Ver, Erik Voorhees, Barry Silbert, and Li Xiaolai and deep pockets like the digital currency group, venture capital firm mostly invested in blockchain start-ups and publisher of coindesk. Yesterday, zcash reached 33 bitcoins on poloniex i.e. more than $22,000. It has exceeded bitcoin with such a price. Will it keep its promises? Let us wait and see.