Zcash (CURRENCY:ZEC) traded 1.8% higher against the U.S. dollar during the twenty-four hour period ending at 21:00 PM E.T. on August 23rd. In the last week, Zcash has traded down 6% against the U.S. dollar. One Zcash coin can now be bought for $133.49 or 0.02053830 BTC on major exchanges including Graviex, BCEX, LBank and Gate.io. Zcash has a total market capitalization of $619.60 million and approximately $94.28 million worth of Zcash was traded on exchanges in the last day.
Here’s how similar cryptocurrencies have performed in the last day:
- Bitcoin Gold (BTG) traded flat against the dollar and now trades at $18.54 or 0.00285308 BTC.
- Horizen (ZEN) traded 1.2% higher against the dollar and now trades at $19.89 or 0.00305968 BTC.
- ZenCash (ZEN) traded up 1.3% against the dollar and now trades at $19.67 or 0.00305821 BTC.
- Bitcoin Private (BTCP) traded up 4.4% against the dollar and now trades at $3.96 or 0.00060892 BTC.
- ZClassic (ZCL) traded 5% higher against the dollar and now trades at $8.39 or 0.00129017 BTC.
- Bitcoin Interest (BCI) traded up 3.5% against the dollar and now trades at $1.28 or 0.00019743 BTC.
- BitcoinZ (BTCZ) traded 4.6% higher against the dollar and now trades at $0.0010 or 0.00000015 BTC.
- Hush (HUSH) traded up 3.5% against the dollar and now trades at $0.23 or 0.00003464 BTC.
- Zero (ZER) traded down 1.7% against the dollar and now trades at $0.20 or 0.00003087 BTC.
- Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.
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 4,641,656 coins. The official message board for Zcash is . Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official website is .
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 traded on the following cryptocurrency exchanges: WEX, Bithumb, BX Thailand, HitBTC, YoBit, OTCBTC, Braziliex, LocalTrade, LiteBit.eu, Allcoin, Bitfinex, Bitlish, The Rock Trading, BiteBTC, Cryptomate, BTC Trade UA, Exmo, BTC-Alpha, CoinEx, Gemini, Kuna, BigONE, Coinut, CoinExchange, Graviex, Qryptos, Cryptohub, Altcoin Trader, Gate.io, C2CX, LBank, OKEx, Sistemkoin, Cryptopia, BitBay, Waves Decentralized Exchange, BCEX, Crex24, Huobi, Bit-Z, Tux Exchange, Bittrex, Ovis, Trade Satoshi, Poloniex, Coinrail, Upbit, Kraken, Coinroom, GOPAX, Mercatox, Binance and CEX.IO. It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. 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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