Zcash (ZEC) Market Capitalization Achieves $444.77 Million

Zcash (CURRENCY:ZEC) traded down 0.1% against the dollar during the twenty-four hour period ending at 20:00 PM Eastern on August 7th. One Zcash coin can now be purchased for approximately $62.27 or 0.00520597 BTC on major exchanges including C2CX, YoBit, CoinExchange and BiteBTC. Over the last week, Zcash has traded 7.9% lower against the dollar. Zcash has a market capitalization of $444.77 million and $170.90 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 1.3% lower against the dollar and now trades at $16.80 or 0.00140491 BTC.
  • Horizen (ZEN) traded 0.5% higher against the dollar and now trades at $6.87 or 0.00057376 BTC.
  • ZClassic (ZCL) traded down 1.1% against the dollar and now trades at $0.38 or 0.00003185 BTC.
  • CrypticCoin (CRYP) traded up 6.7% against the dollar and now trades at $0.0007 or 0.00000006 BTC.
  • Bitcoin Private (BTCP) traded up 8.8% against the dollar and now trades at $0.34 or 0.00002881 BTC.
  • BitcoinZ (BTCZ) traded 3.9% higher against the dollar and now trades at $0.0002 or 0.00000002 BTC.
  • Bitcoin Interest (BCI) traded down 4.7% against the dollar and now trades at $0.0483 or 0.00000403 BTC.
  • Zero (ZER) traded 4.4% higher against the dollar and now trades at $0.0658 or 0.00000550 BTC.
  • Hush (HUSH) traded 11.8% lower against the dollar and now trades at $0.0395 or 0.00000330 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) 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 7,142,531 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official website for Zcash is z.cash. The official message board for Zcash 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: Binance, LiteBit.eu, Cryptohub, Allcoin, Huobi, OKEx, Exmo, Graviex, Mercatox, Crex24, BitBay, CoinEx, Trade Satoshi, Ovis, CEX.IO, Liquid, BTC-Alpha, Bitlish, HitBTC, Altcoin Trader, Bitfinex, GOPAX, CoinExchange, Gate.io, Tux Exchange, Bittrex, Bitinka, Gemini, Coinut, Waves Decentralized Exchange, BCEX, Bit-Z, Cryptomate, Braziliex, Upbit, WEX, LBank, Poloniex, Bithumb, Cryptopia, Instant Bitex, BigONE, BX Thailand, BTC Trade UA, Kuna, Coinrail, OTCBTC, YoBit, Sistemkoin, BiteBTC, LocalTrade, Kraken, Coinroom and C2CX. It is usually not presently 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

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