Zcash Trading Up 6.4% This Week (ZEC)

Zcash (CURRENCY:ZEC) traded 5.3% lower against the dollar during the twenty-four hour period ending at 16:00 PM Eastern on March 21st. During the last seven days, Zcash has traded 6.4% higher against the dollar. Zcash has a market cap of $343.86 million and approximately $229.87 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for about $55.96 or 0.01392255 BTC on popular exchanges including Ovis, Instant Bitex, Bitlish and BTC-Alpha.

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

  • Bitcoin Gold (BTG) traded down 2.5% against the dollar and now trades at $13.02 or 0.00324073 BTC.
  • Horizen (ZEN) traded 2% lower against the dollar and now trades at $6.77 or 0.00168436 BTC.
  • Bitcoin Private (BTCP) traded 6.9% lower against the dollar and now trades at $0.40 or 0.00009845 BTC.
  • ZClassic (ZCL) traded 0.5% higher against the dollar and now trades at $1.09 or 0.00027061 BTC.
  • CrypticCoin (CRYP) traded down 10.9% against the dollar and now trades at $0.0014 or 0.00000035 BTC.
  • Bitcoin Interest (BCI) traded 4.8% lower against the dollar and now trades at $0.12 or 0.00002925 BTC.
  • BitcoinZ (BTCZ) traded up 3.2% against the dollar and now trades at $0.0002 or 0.00000006 BTC.
  • Zero (ZER) traded up 2.1% against the dollar and now trades at $0.0743 or 0.00001848 BTC.
  • Hush (HUSH) traded down 1.2% against the dollar and now trades at $0.0622 or 0.00001548 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. It was first traded on October 28th, 2016. Zcash’s total supply is 6,145,206 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. 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 bought or sold on the following cryptocurrency exchanges: Crex24, Poloniex, Waves Decentralized Exchange, Bittrex, Cryptomate, Bitfinex, Kraken, Braziliex, Trade Satoshi, Sistemkoin, BX Thailand, CEX.IO, Coinrail, Bithumb, Coinroom, Graviex, Instant Bitex, YoBit, Bitinka, Bitlish, Liquid, HitBTC, CoinEx, Exmo, OKEx, LBank, CoinExchange, Bit-Z, Allcoin, Cryptohub, BiteBTC, Mercatox, Cryptopia, Tux Exchange, Gemini, OTCBTC, LocalTrade, Upbit, BTC Trade UA, Gate.io, GOPAX, BTC-Alpha, Ovis, BitBay, C2CX, WEX, Coinut, BCEX, Altcoin Trader, BigONE, LiteBit.eu, Binance, Kuna and Huobi. 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

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