Zcash (CURRENCY:ZEC) traded up 6.5% against the U.S. dollar during the one day period ending at 19:00 PM E.T. on April 5th. In the last seven days, Zcash has traded up 25.7% against the U.S. dollar. One Zcash coin can now be purchased for about $71.70 or 0.01423354 BTC on popular exchanges including Kraken, Cryptopia, Upbit and Cryptohub. Zcash has a total market cap of $448.41 million and approximately $327.75 million worth of Zcash was traded on exchanges in the last day.
Here is how similar cryptocurrencies have performed in the last day:
- Bitcoin Gold (BTG) traded up 14.7% against the dollar and now trades at $17.77 or 0.00352649 BTC.
- Horizen (ZEN) traded 4.8% higher against the dollar and now trades at $7.63 or 0.00151494 BTC.
- ZClassic (ZCL) traded 4.3% higher against the dollar and now trades at $1.89 or 0.00037616 BTC.
- Bitcoin Private (BTCP) traded 0.1% higher against the dollar and now trades at $0.45 or 0.00008856 BTC.
- CrypticCoin (CRYP) traded 4.1% higher against the dollar and now trades at $0.0011 or 0.00000021 BTC.
- Bitcoin Interest (BCI) traded 0.6% higher against the dollar and now trades at $0.11 or 0.00002168 BTC.
- BitcoinZ (BTCZ) traded 2.7% lower against the dollar and now trades at $0.0003 or 0.00000006 BTC.
- Hush (HUSH) traded 5% lower against the dollar and now trades at $0.10 or 0.00002090 BTC.
- Zero (ZER) traded up 6.8% against the dollar and now trades at $0.0736 or 0.00001460 BTC.
- Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.
Zcash Coin Profile
Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 6,253,644 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official website 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. “
Buying and Selling Zcash
Zcash can be purchased on these cryptocurrency exchanges: BitBay, Huobi, WEX, Cryptopia, CoinExchange, Kuna, Bithumb, BTC-Alpha, Bittrex, Mercatox, Ovis, BigONE, Sistemkoin, BX Thailand, C2CX, Bit-Z, Liquid, Cryptohub, GOPAX, Waves Decentralized Exchange, LocalTrade, Cryptomate, CoinEx, Bitfinex, Upbit, BCEX, Kraken, LBank, HitBTC, YoBit, Graviex, Exmo, Instant Bitex, BiteBTC, Coinroom, Altcoin Trader, Coinrail, CEX.IO, Coinut, Gate.io, Braziliex, OTCBTC, Binance, OKEx, Allcoin, Gemini, Poloniex, Bitlish, Bitinka, Tux Exchange, LiteBit.eu, Trade Satoshi, BTC Trade UA and Crex24. It is usually not presently 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.
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