Zcash (CURRENCY:ZEC) traded 9.3% higher against the US dollar during the 1-day period ending at 12:00 PM E.T. on August 13th. One Zcash coin can currently be bought for about $150.70 or 0.02140255 BTC on popular exchanges including Cryptomate, Crex24, Braziliex and Trade Satoshi. In the last seven days, Zcash has traded up 12.7% against the US dollar. Zcash has a market capitalization of $704.52 million and approximately $127.76 million worth of Zcash was traded on exchanges in the last day.
Here’s how related cryptocurrencies have performed in the last day:
- Bitcoin Gold (BTG) traded 9% higher against the dollar and now trades at $21.59 or 0.00306647 BTC.
- Bitcoin Private (BTCP) traded up 6.4% against the dollar and now trades at $4.43 or 0.00062853 BTC.
- ZenCash (ZEN) traded up 1.3% against the dollar and now trades at $19.67 or 0.00305821 BTC.
- Horizen (ZEN) traded up 2.3% against the dollar and now trades at $19.50 or 0.00276879 BTC.
- ZClassic (ZCL) traded 7.1% higher against the dollar and now trades at $7.42 or 0.00105365 BTC.
- Bitcoin Interest (BCI) traded 2.8% lower against the dollar and now trades at $1.28 or 0.00018237 BTC.
- BitcoinZ (BTCZ) traded 2.3% higher against the dollar and now trades at $0.0009 or 0.00000013 BTC.
- Hush (HUSH) traded 1.2% higher against the dollar and now trades at $0.21 or 0.00002957 BTC.
- Zero (ZER) traded 7.1% higher against the dollar and now trades at $0.22 or 0.00003093 BTC.
- Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.
Zcash 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 4,674,856 coins. Zcash’s official message board is forum.z.cash. Zcash’s official website is z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here.
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. “
Buying and Selling Zcash
Zcash can be purchased on these cryptocurrency exchanges: CoinEx, Mercatox, Altcoin Trader, C2CX, Kraken, LBank, Exmo, Sistemkoin, BitBay, LocalTrade, Bitfinex, Gemini, Kuna, Bittrex, Tux Exchange, Binance, Crex24, The Rock Trading, Cryptomate, Bit-Z, BiteBTC, OKEx, BCEX, Ovis, HitBTC, Cryptopia, YoBit, Coinrail, Trade Satoshi, Gate.io, Upbit, Graviex, CEX.IO, Coinroom, Braziliex, Allcoin, Qryptos, LiteBit.eu, GOPAX, Coinut, Bitlish, WEX, Cryptohub, BTC-Alpha, Huobi, Waves Decentralized Exchange, Instant Bitex, BTC Trade UA, BigONE, Bithumb, OTCBTC, Poloniex, CoinExchange and BX Thailand. It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.
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