Zcash (ZEC) Hits Market Capitalization of $351.46 Million

Zcash (CURRENCY:ZEC) traded up 0.2% against the dollar during the 1-day period ending at 22:00 PM ET on March 29th. Zcash has a total market cap of $351.46 million and $214.51 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for about $56.65 or 0.01378243 BTC on popular exchanges including Cryptopia, BitBay, CoinExchange and LiteBit.eu. During the last week, Zcash has traded 1.1% higher against the dollar.

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

• Bitcoin Gold (BTG) traded 1.9% higher against the dollar and now trades at $13.07 or 0.00318072 BTC.
• Horizen (ZEN) traded 0.4% lower against the dollar and now trades at $6.76 or 0.00164472 BTC.
• ZClassic (ZCL) traded up 42.8% against the dollar and now trades at $1.80 or 0.00043823 BTC.
• Bitcoin Private (BTCP) traded up 2.4% against the dollar and now trades at $0.32 or 0.00007826 BTC.
• CrypticCoin (CRYP) traded up 1.4% against the dollar and now trades at $0.0019 or 0.00000046 BTC.
• Bitcoin Interest (BCI) traded up 1.9% against the dollar and now trades at $0.11 or 0.00002591 BTC.
• BitcoinZ (BTCZ) traded 3.5% higher against the dollar and now trades at $0.0003 or 0.00000006 BTC.
• Hush (HUSH) traded up 2.5% against the dollar and now trades at $0.0725 or 0.00001762 BTC.
• Zero (ZER) traded up 9% against the dollar and now trades at $0.0577 or 0.00001403 BTC.
• Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash 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 6,204,531 coins. Zcash’s official message board is forum.z.cash. The official website for Zcash 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. “

Buying and Selling Zcash

Zcash can be bought or sold on the following cryptocurrency exchanges: Coinrail, Gemini, Mercatox, HitBTC, Coinut, Gate.io, Instant Bitex, Poloniex, Exmo, Bitlish, C2CX, CoinEx, Crex24, Braziliex, GOPAX, BTC Trade UA, Trade Satoshi, Liquid, Bittrex, BX Thailand, Coinroom, Cryptohub, LBank, OKEx, Graviex, CEX.IO, Binance, Bitfinex, Tux Exchange, Cryptopia, OTCBTC, Sistemkoin, BTC-Alpha, Ovis, CoinExchange, BiteBTC, Huobi, LocalTrade, YoBit, BigONE, Waves Decentralized Exchange, LiteBit.eu, Cryptomate, Bitinka, Bithumb, Allcoin, Kuna, Altcoin Trader, BCEX, WEX, Bit-Z, Kraken, Upbit and BitBay. It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase 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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