Public chain
T-address balances and transaction flows are public.
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Direct match. Best matching guide: Is Zcash Traceable?
Transparent Zcash is traceable on-chain. Fully shielded Zcash hides the sender, recipient, amount, and memo from public view, but the transaction still exists and off-chain metadata can create links.
T-address balances and transaction flows are public.
Fully shielded transfers encrypt sender, recipient, amount, and memo data.
IP data, exchange records, shared transaction details, and viewing keys sit outside basic on-chain shielding.