Zcash addresses are either private (z-addresses) or transparent (t-addresses).

Private
z-addresses start with a “z,” and transparent t-addresses start with a "t." Between these
two types of addresses, there are four transaction types.

A Z-to-Z transaction appears on the public blockchain, so it is known to have occured

and that the fees were paid. But the addresses, transaction amount and the memo field
are all encrypted and not publicly visible. This type of encryption is only possible
through the use of zero-knowledge proofs. Read more: What are zk-SNARKs?

The owner of an address may choose to disclose z-address and transaction details with
trusted third parties — think auditory and compliance needs — through the use of view
keys and payment disclosure.

A T-to-T transaction works just like Bitcoin: The sender, receiver and transaction value
are publicly visible. While many wallets and exchanges exclusively use t-addresseses
today, many are moving to shielded addresses to better protect user privacy.

The two Zcash address types are interoperable. Funds can be transferred between
z-addresses and t-addresses. However, it is important that users understand the privacy
implications of shielding or de-shielding information through these transactions.

Zcash offers two types of addresses: shielded and transparent. Shielded addresses are
not visible and transactions between shielded addresses do not reveal either address,
the transaction amount or the contents of the encrypted memo field. Transparent
addresses and transactions between them are publicly viewable on the Zcash
blockchain, in the same way that Bitcoin addresses are viewable

.Owners of shielded addresses can disclose transaction details for regulatory

compliance or auditing. The owner has the option to disclose all incoming transactions
and the memo field, but does not have access to the sender address unless identifying
information is included in the memo field. Zcash will soon support full viewing keys that
reveal all transaction values in and out of the address

.Either the sender or receiver of a transaction may disclose transaction-specific details

to 3rd parties as may be needed for visibility, compliance or auditing. The receiver may
disclose a transaction value and memo but does not have access to the sender's
address. This is currently an experimental feature.
Zcash supports transactions that require multiple signatures. This means that a
transaction may require two or more parties to agree to the transaction before funds are
sent. However, multisignature transactions are transparent and cannot be made private.
Currently, multisignatures can only be used to spend from transparent addresses,
although there is work in progress to extend them to shielded addresses.