Zcash (ZEC) Trading Up 10.1% This Week $ZEC

Zcash (CURRENCY:ZEC) traded 0.8% lower against the U.S. dollar during the 24 hour period ending at 6:00 AM E.T. on July 15th. During the last seven days, Zcash has traded 10.1% higher against the U.S. dollar. One Zcash coin can currently be bought for $216.07 or 0.02651073 BTC on major cryptocurrency exchanges including BitBay, Bit-Z, LocalTrade and The Rock Trading. Zcash has a total market cap of $964.80 million and $166.28 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • Bitcoin Gold (BTG) traded 7.7% lower against the dollar and now trades at $31.03 or 0.00380770 BTC.
  • Bitcoin Private (BTCP) traded 5.9% lower against the dollar and now trades at $6.90 or 0.00084709 BTC.
  • ZenCash (ZEN) traded 1.5% lower against the dollar and now trades at $29.23 or 0.00358630 BTC.
  • ZClassic (ZCL) traded 8.4% lower against the dollar and now trades at $15.99 or 0.00196149 BTC.
  • Bitcoin Interest (BCI) traded up 8.8% against the dollar and now trades at $2.09 or 0.00025594 BTC.
  • BitcoinZ (BTCZ) traded 7.5% lower against the dollar and now trades at $0.0018 or 0.00000021 BTC.
  • Hush (HUSH) traded 2.5% lower against the dollar and now trades at $0.33 or 0.00004077 BTC.
  • Zero (ZER) traded down 19.4% against the dollar and now trades at $0.23 or 0.00002780 BTC.
  • VoteCoin (VOT) traded down 24.6% against the dollar and now trades at $0.0064 or 0.00000078 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Coin Profile

Zcash (CRYPTO: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 4,465,294 coins. Zcash’s official website is z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official message board is forum.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 the following cryptocurrency exchanges: Braziliex, BiteBTC, HitBTC, Kuna, Bithumb, BTC Trade UA, WEX, GOPAX, Waves Decentralized Exchange, Gemini, BigONE, Cryptopia, Gate.io, Cryptohub, The Rock Trading, CoinExchange, BCEX, CoinEx, YoBit, Ovis, Bitfinex, Trade Satoshi, CEX.IO, Sistemkoin, Mercatox, Bittrex, Qryptos, Poloniex, BitBay, Exmo, BX Thailand, OKEx, Cryptomate, Upbit, Kraken, Coinut, LiteBit.eu, C2CX, Bitlish, LBank, LocalTrade, Tux Exchange, Coinrail, Altcoin Trader, Bit-Z, Allcoin, OTCBTC, Binance, BTC-Alpha, Huobi, Crex24 and Coinroom. It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

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