Zcash (CURRENCY:ZEC) traded 1.3% lower against the dollar during the twenty-four hour period ending at 10:00 AM ET on September 17th. One Zcash coin can now be purchased for approximately $124.86 or 0.01911038 BTC on exchanges including Braziliex, Binance, C2CX and Coinroom. Over the last week, Zcash has traded 2.2% higher against the dollar. Zcash has a total market capitalization of $622.14 million and $183.15 million worth of Zcash was traded on exchanges in the last day.
Here is how similar cryptocurrencies have performed over the last day:
- Bitcoin Gold (BTG) traded up 0.2% against the dollar and now trades at $26.37 or 0.00403604 BTC.
- Horizen (ZEN) traded down 1.1% against the dollar and now trades at $15.61 or 0.00238902 BTC.
- Bitcoin Private (BTCP) traded up 0.9% against the dollar and now trades at $2.72 or 0.00041615 BTC.
- Bitcoin Interest (BCI) traded 8.4% lower against the dollar and now trades at $1.10 or 0.00016802 BTC.
- ZClassic (ZCL) traded 1.6% lower against the dollar and now trades at $3.45 or 0.00052776 BTC.
- BitcoinZ (BTCZ) traded down 3.2% against the dollar and now trades at $0.0006 or 0.00000009 BTC.
- Zero (ZER) traded 16% lower against the dollar and now trades at $0.14 or 0.00002191 BTC.
- Hush (HUSH) traded 28.5% lower against the dollar and now trades at $0.0949 or 0.00001453 BTC.
- Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.
- VoteCoin (VOT) traded 7.8% higher against the dollar and now trades at $0.0036 or 0.00000056 BTC.
Zcash Coin Profile
Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 4,982,531 coins. The official website for Zcash 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 traded on these cryptocurrency exchanges: BigONE, GOPAX, Coinrail, Exmo, BitBay, BCEX, Bittrex, CEX.IO, Cryptohub, CoinEx, YoBit, LBank, Bit-Z, Crex24, Waves Decentralized Exchange, Cryptopia, Kraken, BiteBTC, Bitlish, BTC Trade UA, Poloniex, Graviex, Upbit, Cryptomate, OTCBTC, Allcoin, BTC-Alpha, Binance, OKEx, Gate.io, LocalTrade, LiteBit.eu, Kuna, Bitinka, Mercatox, Huobi, BX Thailand, HitBTC, Ovis, Instant Bitex, C2CX, Tux Exchange, Sistemkoin, Bithumb, WEX, Coinut, CoinExchange, Altcoin Trader, Liquid, Gemini, Trade Satoshi, Bitfinex, Braziliex and Coinroom. It is usually not 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 Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.
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