Zcash (ZEC) One Day Volume Tops $94.11 Million $ZEC

Zcash (CURRENCY:ZEC) traded 1.2% lower against the US dollar during the 1-day period ending at 17:00 PM E.T. on September 1st. In the last seven days, Zcash has traded down 2.6% against the US dollar. One Zcash coin can now be purchased for about $118.99 or 0.01826558 BTC on popular cryptocurrency exchanges including Bitinka, Ovis, Bitfinex and Waves Decentralized Exchange. Zcash has a total market cap of $572.64 million and approximately $94.11 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Bitcoin Gold (BTG) traded up 3% against the dollar and now trades at $20.88 or 0.00321307 BTC.
  • ZenCash (ZEN) traded up 1.3% against the dollar and now trades at $19.67 or 0.00305821 BTC.
  • Horizen (ZEN) traded 1.9% lower against the dollar and now trades at $15.71 or 0.00241687 BTC.
  • Bitcoin Private (BTCP) traded down 0.5% against the dollar and now trades at $2.92 or 0.00044833 BTC.
  • Bitcoin Interest (BCI) traded 13.8% lower against the dollar and now trades at $1.42 or 0.00021848 BTC.
  • ZClassic (ZCL) traded down 2.8% against the dollar and now trades at $3.82 or 0.00058561 BTC.
  • BitcoinZ (BTCZ) traded 5.6% higher against the dollar and now trades at $0.0006 or 0.00000010 BTC.
  • Zero (ZER) traded 2.4% lower against the dollar and now trades at $0.21 or 0.00003156 BTC.
  • Hush (HUSH) traded down 35.2% against the dollar and now trades at $0.12 or 0.00001907 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 4,812,456 coins. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official website for Zcash 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 purchased on these cryptocurrency exchanges: Coinroom, OKEx, Bit-Z, Allcoin, Crex24, C2CX, BX Thailand, Bitlish, Bitfinex, BTC-Alpha, OTCBTC, BCEX, WEX, Cryptomate, CoinExchange, Binance, GOPAX, BTC Trade UA, Graviex, Upbit, Bittrex, Kraken, Bitinka, Gate.io, Huobi, Tux Exchange, Exmo, Braziliex, Mercatox, HitBTC, LocalTrade, BigONE, Waves Decentralized Exchange, Bithumb, Liquid, Cryptohub, Cryptopia, YoBit, Coinrail, Altcoin Trader, Gemini, CEX.IO, LBank, Sistemkoin, Trade Satoshi, Instant Bitex, Ovis, Kuna, BiteBTC, CoinEx, BitBay, Poloniex, LiteBit.eu and Coinut. It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, 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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