Zcash 24-Hour Volume Tops $42.68 Million (ZEC) $ZEC

Zcash (CURRENCY:ZEC) traded 0.3% higher against the US dollar during the 24 hour period ending at 16:00 PM ET on July 4th. Over the last week, Zcash has traded 12.7% higher against the US dollar. One Zcash coin can now be bought for $183.49 or 0.02743530 BTC on major exchanges including WEX, Bitfinex, OKEx and Exmo. Zcash has a total market capitalization of $785.69 million and approximately $42.68 million worth of Zcash was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

  • Bitcoin Gold (BTG) traded up 2.1% against the dollar and now trades at $30.07 or 0.00449608 BTC.
  • Bitcoin Private (BTCP) traded 2.6% lower against the dollar and now trades at $11.10 or 0.00165933 BTC.
  • ZenCash (ZEN) traded 1.8% higher against the dollar and now trades at $18.58 or 0.00277822 BTC.
  • Bitcoin Interest (BCI) traded up 9.5% against the dollar and now trades at $2.05 or 0.00030664 BTC.
  • ZClassic (ZCL) traded down 1.3% against the dollar and now trades at $8.50 or 0.00127038 BTC.
  • BitcoinZ (BTCZ) traded up 5% against the dollar and now trades at $0.0019 or 0.00000028 BTC.
  • Hush (HUSH) traded 0.7% higher against the dollar and now trades at $0.43 or 0.00006394 BTC.
  • Zero (ZER) traded 0.1% higher against the dollar and now trades at $0.37 or 0.00005555 BTC.
  • VoteCoin (VOT) traded 18% lower against the dollar and now trades at $0.0131 or 0.00000197 BTC.
  • Bitgem (BTG) traded 0.1% higher against the dollar and now trades at $4.77 or 0.00071251 BTC.

Zcash Coin Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 4,281,856 coins. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official website is z.cash.

According to CryptoCompare, “zk-SNARKsThe BasicZcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs. The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier. “Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.   Application to ZCASHIn order to have zero-knowledge privacy in Zcash, the function determining the validity of a transaction according to the network’s consensus rules must return the answer of whether the transaction is valid or not, without revealing any of the information it performed the calculations on. This is done by encoding some of the network’s consensus rules in zk-SNARKs. At a high level, zk-SNARKs work by first turning what you want to prove into an equivalent form about knowing a solution to some algebraic equations. In the following section, we give a brief overview of how the rules for determining a valid transaction get transformed into equations that can then be evaluated on a candidate solution without revealing any sensitive information to the parties verifying the equations. “

Zcash Coin Trading

Zcash can be bought or sold on these cryptocurrency exchanges: Abucoins, Bit-Z, WEX, Bittrex, Allcoin, Exmo, Bithumb, OKEx, Mercatox, Tux Exchange, BCEX, Cryptopia, LiteBit.eu, The Rock Trading, Cryptohub, Crex24, CEX.IO, HitBTC, CoinExchange, Ovis, BigONE, GOPAX, Huobi, Qryptos, Upbit, Gate.io, Lbank, YoBit, BX Thailand, Coinrail, C2CX, Coinroom, Binance, Trade Satoshi, Braziliex, Sistemkoin, OTCBTC, Poloniex, Waves Decentralized Exchange, Cryptomate, Bitlish, Bitfinex, BTC Trade UA, Kraken, BTC-Alpha and CoinEx. It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

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