Zcash (ZEC) Price Up 4.5% Over Last Week

Zcash (CURRENCY:ZEC) traded up 0.8% against the dollar during the 24 hour period ending at 9:00 AM Eastern on January 19th. In the last week, Zcash has traded up 4.5% against the dollar. One Zcash coin can currently be purchased for $50.51 or 0.01383343 BTC on popular cryptocurrency exchanges including Binance, BiteBTC, Cryptohub and Altcoin Trader. Zcash has a market cap of $296.56 million and approximately $176.48 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 up 1.6% against the dollar and now trades at $10.57 or 0.00289397 BTC.
  • Horizen (ZEN) traded 2.8% higher against the dollar and now trades at $4.51 or 0.00123496 BTC.
  • Bitcoin Private (BTCP) traded up 0.9% against the dollar and now trades at $1.13 or 0.00030918 BTC.
  • ZClassic (ZCL) traded down 1.2% against the dollar and now trades at $0.91 or 0.00024788 BTC.
  • CrypticCoin (CRYP) traded up 7% against the dollar and now trades at $0.0018 or 0.00000051 BTC.
  • Bitcoin Interest (BCI) traded 2.7% higher against the dollar and now trades at $0.20 or 0.00005582 BTC.
  • BitcoinZ (BTCZ) traded up 4% against the dollar and now trades at $0.0002 or 0.00000005 BTC.
  • Zero (ZER) traded down 2.7% against the dollar and now trades at $0.0663 or 0.00001814 BTC.
  • Hush (HUSH) traded 0.4% higher against the dollar and now trades at $0.0398 or 0.00001090 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 5,870,981 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: Kraken, Braziliex, Allcoin, WEX, Upbit, Huobi, Liquid, BitBay, Exmo, Binance, LocalTrade, CoinExchange, Bitinka, LiteBit.eu, HitBTC, BX Thailand, Instant Bitex, YoBit, CEX.IO, Trade Satoshi, BTC-Alpha, Gate.io, BCEX, Graviex, LBank, Crex24, Coinut, Poloniex, Mercatox, BTC Trade UA, Gemini, Bittrex, Sistemkoin, Cryptopia, Bithumb, Cryptohub, Bitlish, Kuna, OTCBTC, OKEx, Altcoin Trader, Cryptomate, C2CX, Ovis, Tux Exchange, Bit-Z, BiteBTC, Coinrail, GOPAX, CoinEx, Bitfinex, Coinroom, Waves Decentralized Exchange and BigONE. It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

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