Zcash Trading 7.3% Higher Over Last Week (ZEC)

Zcash (CURRENCY:ZEC) traded down 2.5% against the dollar during the 24-hour period ending at 13:00 PM ET on December 14th. Over the last seven days, Zcash has traded 7.3% higher against the dollar. Zcash has a market capitalization of $259.91 million and $143.67 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be purchased for $32.15 or 0.00451966 BTC on popular exchanges including HitBTC, Liquid, BitBay and OTCBTC.

Here’s how other cryptocurrencies have performed over the last day:

  • Bitcoin Gold (BTG) traded down 1.1% against the dollar and now trades at $5.62 or 0.00079024 BTC.
  • Horizen (ZEN) traded 1.9% lower against the dollar and now trades at $5.92 or 0.00083299 BTC.
  • ZClassic (ZCL) traded 3.2% lower against the dollar and now trades at $0.21 or 0.00002897 BTC.
  • BitcoinZ (BTCZ) traded 3.9% higher against the dollar and now trades at $0.0001 or 0.00000002 BTC.
  • Bitcoin Interest (BCI) traded down 8.9% against the dollar and now trades at $0.0321 or 0.00000451 BTC.
  • CrypticCoin (CRYP) traded up 4.3% against the dollar and now trades at $0.0002 or 0.00000003 BTC.
  • Zero (ZER) traded 1.5% higher against the dollar and now trades at $0.0704 or 0.00000989 BTC.
  • Hush (HUSH) traded down 1.9% against the dollar and now trades at $0.0631 or 0.00000884 BTC.
  • Bitcoin Private (BTCP) traded 0.6% higher against the dollar and now trades at $0.0998 or 0.00001403 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 launch date was October 28th, 2016. Zcash’s total supply is 8,085,444 coins. Zcash’s official message board is forum.z.cash. Zcash’s official website is z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here.

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 purchased on these cryptocurrency exchanges: Tux Exchange, Waves Decentralized Exchange, Altcoin Trader, Allcoin, LiteBit.eu, Coinroom, WEX, Ovis, Coinrail, YoBit, Bitfinex, GOPAX, BiteBTC, Kraken, Cryptopia, BigONE, CoinExchange, Binance, Bitlish, Cryptomate, Bit-Z, Poloniex, Exmo, Gemini, Gate.io, Instant Bitex, HitBTC, LocalTrade, Graviex, BCEX, Cryptohub, Coinut, Liquid, Bitinka, Sistemkoin, CEX.IO, BTC-Alpha, BTC Trade UA, Braziliex, Bittrex, C2CX, Upbit, Kuna, BX Thailand, Bithumb, LBank, Crex24, Mercatox, Trade Satoshi, Huobi, CoinEx, OTCBTC, OKEx and BitBay. 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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