Zcash (ZEC) Trading Up 15.9% Over Last 7 Days

Zcash (CURRENCY:ZEC) traded 6.2% higher against the U.S. dollar during the 1-day period ending at 20:00 PM ET on April 19th. Over the last week, Zcash has traded 15.9% higher against the U.S. dollar. One Zcash coin can currently be purchased for approximately $302.23 or 0.03255510 BTC on major cryptocurrency exchanges including Tux Exchange, Allcoin, Altcoin Trader and BarterDEX. Zcash has a total market capitalization of $1.15 billion and approximately $67.48 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

  • Bitcoin Gold (BTG) traded up 10.6% against the dollar and now trades at $78.95 or 0.00850384 BTC.
  • Bitcoin Private (BTCP) traded 12.2% higher against the dollar and now trades at $49.85 or 0.00536971 BTC.
  • ZenCash (ZEN) traded 10.2% higher against the dollar and now trades at $38.94 or 0.00419418 BTC.
  • ZClassic (ZCL) traded 54.4% higher against the dollar and now trades at $37.15 or 0.00400197 BTC.
  • BitcoinZ (BTCZ) traded up 6.4% against the dollar and now trades at $0.0041 or 0.00000044 BTC.
  • Hush (HUSH) traded down 4.6% against the dollar and now trades at $1.39 or 0.00015003 BTC.
  • Zero (ZER) traded 2.3% lower against the dollar and now trades at $1.13 or 0.00012216 BTC.
  • VoteCoin (VOT) traded 17.4% higher against the dollar and now trades at $0.0415 or 0.00000447 BTC.
  • Bitgem (BTG) traded 0.8% lower against the dollar and now trades at $10.03 or 0.00108040 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 3,788,581 coins. Zcash’s official website is z.cash. The official message board for Zcash 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. “

Zcash Coin Trading

Zcash can be bought or sold on these cryptocurrency exchanges: Bitlish, Mercatox, GOPAX, Cryptopia, Upbit, Sistemkoin, LiteBit.eu, Bit-Z, Ovis, Lbank, Coinrail, Kraken, BTC-Alpha, Cryptomate, Vebitcoin, BuyUcoin, Huobi, The Rock Trading, Tux Exchange, C2CX, Cryptohub, Altcoin Trader, WEX, OKEx, Allcoin, CEX.IO, YoBit, Coinroom, Crex24, BarterDEX, Braziliex, Binance, BTC Trade UA, Bitfinex, Bittrex, Bithumb, CoinEx, Qryptos, BigONE, BX Thailand, Trade Satoshi, HitBTC, Exmo, Waves Decentralized Exchange, Gate.io, Abucoins, BCEX, Poloniex, OTCBTC and CoinExchange. 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

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