Zcash (ZEC) Achieves Market Capitalization of $625.88 Million $ZEC

Zcash (CURRENCY:ZEC) traded down 1.6% against the U.S. dollar during the 1 day period ending at 11:00 AM Eastern on October 2nd. During the last week, Zcash has traded 2.6% lower against the U.S. dollar. Zcash has a market cap of $625.88 million and approximately $128.61 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for approximately $127.07 or 0.01947820 BTC on major exchanges including Sistemkoin, LiteBit.eu, Huobi and BTC-Alpha.

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

  • Bitcoin Gold (BTG) traded 2.5% higher against the dollar and now trades at $25.27 or 0.00387340 BTC.
  • ZenCash (ZEN) traded up 1.3% against the dollar and now trades at $19.67 or 0.00305821 BTC.
  • Horizen (ZEN) traded 1.7% higher against the dollar and now trades at $16.62 or 0.00254778 BTC.
  • Bitcoin Private (BTCP) traded 0.7% lower against the dollar and now trades at $2.61 or 0.00039974 BTC.
  • Bitcoin Interest (BCI) traded 4.6% lower against the dollar and now trades at $1.21 or 0.00018624 BTC.
  • ZClassic (ZCL) traded down 2.8% against the dollar and now trades at $3.69 or 0.00056546 BTC.
  • BitcoinZ (BTCZ) traded 6.1% higher against the dollar and now trades at $0.0006 or 0.00000010 BTC.
  • Zero (ZER) traded 5.1% lower against the dollar and now trades at $0.17 or 0.00002663 BTC.
  • Hush (HUSH) traded up 36.8% against the dollar and now trades at $0.14 or 0.00002198 BTC.
  • VoteCoin (VOT) traded 9.9% higher against the dollar and now trades at $0.0045 or 0.00000069 BTC.

About Zcash

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 4,925,531 coins. The official website for Zcash is z.cash. Zcash’s official message board is forum.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 bought or sold on these cryptocurrency exchanges: Allcoin, LBank, Exmo, Bit-Z, Bittrex, HitBTC, CoinEx, Gemini, Liquid, OKEx, Huobi, Kraken, BX Thailand, WEX, Cryptomate, Poloniex, Crex24, Bitinka, Instant Bitex, LocalTrade, Trade Satoshi, Cryptohub, CoinExchange, BitBay, Bitlish, Upbit, OTCBTC, Gate.io, Ovis, BTC Trade UA, BiteBTC, Coinrail, BCEX, Kuna, BigONE, Mercatox, BTC-Alpha, Braziliex, Bitfinex, Bithumb, Coinut, Binance, YoBit, Sistemkoin, LiteBit.eu, GOPAX, Tux Exchange, Altcoin Trader, Cryptopia, Coinroom, CEX.IO, Graviex, Waves Decentralized Exchange and C2CX. It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

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