SnowGem (XSG) is a cryptocurrency used via the Internet. It is described as an ecosystem which allows one to transfer value, either transparently or privately, anywhere in the world without the need to trust a central authority such as a bank or other clearing house. SnowGem users are able to send or receive XSG quickly, reliably and securely using a personal computer, laptop or mobile device. Rather than trying to reinvent the wheel from scratch, the founder of SnowGem called Tinh Pham, after studying the codebase of another cryptocurrency, decided to base SnowGem on Zcash. Zcash is the first cryptocurrency to apply zkSNARKs (Zero Knowledge Succinct Non-Interactive Argument of Knowledge) which allow parties to prove a statement without revealing any information other than the validity of the statement. SnowGem began as a fork of the Zcash blockchain and inherited all features of Zcash at that time (23rd December 2017).