Zcash Trading Down 1.8% Over Last Week (ZEC)

Zcash (CURRENCY:ZEC) traded 0.6% higher against the US dollar during the 1 day period ending at 19:00 PM Eastern on April 17th. During the last seven days, Zcash has traded down 1.8% against the US dollar. One Zcash coin can currently be bought for about $70.07 or 0.01342539 BTC on major cryptocurrency exchanges including LBank, YoBit, GOPAX and CoinExchange. Zcash has a total market cap of $444.22 million and $190.73 million worth of Zcash was traded on exchanges in the last 24 hours.

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

  • Bitcoin Gold (BTG) traded up 0.9% against the dollar and now trades at $17.10 or 0.00327547 BTC.
  • Horizen (ZEN) traded 0.8% higher against the dollar and now trades at $7.16 or 0.00137275 BTC.
  • ZClassic (ZCL) traded 3.1% lower against the dollar and now trades at $1.63 or 0.00031298 BTC.
  • CrypticCoin (CRYP) traded 11% higher against the dollar and now trades at $0.0016 or 0.00000031 BTC.
  • Bitcoin Interest (BCI) traded down 3.5% against the dollar and now trades at $0.14 or 0.00002648 BTC.
  • Bitcoin Private (BTCP) traded down 9.4% against the dollar and now trades at $0.41 or 0.00007844 BTC.
  • BitcoinZ (BTCZ) traded down 1.6% against the dollar and now trades at $0.0002 or 0.00000005 BTC.
  • Hush (HUSH) traded 17% higher against the dollar and now trades at $0.0920 or 0.00001763 BTC.
  • Zero (ZER) traded 0.2% higher against the dollar and now trades at $0.0814 or 0.00001560 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 6,339,644 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official website for Zcash 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. “

Zcash Coin Trading

Zcash can be traded on these cryptocurrency exchanges: CoinExchange, CEX.IO, BTC Trade UA, Exmo, Cryptohub, YoBit, BTC-Alpha, Braziliex, Waves Decentralized Exchange, Poloniex, Gemini, Bitlish, Ovis, Kuna, BX Thailand, WEX, Coinut, Cryptomate, Altcoin Trader, Huobi, Gate.io, Graviex, Kraken, HitBTC, Liquid, Coinrail, OTCBTC, BitBay, OKEx, Trade Satoshi, Bittrex, LocalTrade, Coinroom, BCEX, CoinEx, LBank, Bitfinex, GOPAX, BigONE, Bit-Z, Allcoin, BiteBTC, Binance, Upbit, Instant Bitex, Bithumb, Crex24, LiteBit.eu, Tux Exchange, C2CX, Cryptopia, Bitinka, Mercatox and Sistemkoin. It is usually not presently 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

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