Zcash (ZEC) Market Cap Hits $606.14 Million

Zcash (CURRENCY:ZEC) traded up 12.6% against the U.S. dollar during the 1 day period ending at 20:00 PM E.T. on June 12th. One Zcash coin can currently be purchased for about $89.92 or 0.01104006 BTC on cryptocurrency exchanges including BitBay, BTC Trade UA, Cryptomate and YoBit. Zcash has a market capitalization of $606.14 million and $434.05 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded up 12% against the U.S. dollar.

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

  • Bitcoin Gold (BTG) traded 2.6% higher against the dollar and now trades at $26.22 or 0.00322155 BTC.
  • Horizen (ZEN) traded up 5.9% against the dollar and now trades at $10.90 or 0.00133888 BTC.
  • ZClassic (ZCL) traded 1.7% higher against the dollar and now trades at $1.61 or 0.00019794 BTC.
  • CrypticCoin (CRYP) traded 6.9% lower against the dollar and now trades at $0.0009 or 0.00000011 BTC.
  • Bitcoin Interest (BCI) traded 0.4% lower against the dollar and now trades at $0.0958 or 0.00001176 BTC.
  • Bitcoin Private (BTCP) traded up 18% against the dollar and now trades at $0.32 or 0.00003894 BTC.
  • BitcoinZ (BTCZ) traded 1.2% higher against the dollar and now trades at $0.0002 or 0.00000003 BTC.
  • Zero (ZER) traded up 3.1% against the dollar and now trades at $0.0910 or 0.00001117 BTC.
  • Hush (HUSH) traded up 48.3% against the dollar and now trades at $0.0917 or 0.00001126 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Profile

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 6,741,156 coins. Zcash’s official website is z.cash. The official message board for Zcash is forum.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 traded on the following cryptocurrency exchanges: C2CX, Liquid, Altcoin Trader, Bitinka, BX Thailand, Sistemkoin, Tux Exchange, CoinExchange, Bithumb, BCEX, CoinEx, LBank, Exmo, Bitfinex, WEX, Cryptomate, BitBay, Kuna, Coinroom, LiteBit.eu, Upbit, Allcoin, Huobi, Braziliex, Cryptohub, BigONE, Kraken, Coinut, OKEx, HitBTC, BTC Trade UA, Mercatox, Ovis, Poloniex, Cryptopia, BiteBTC, OTCBTC, Crex24, LocalTrade, Bitlish, YoBit, Graviex, CEX.IO, GOPAX, Coinrail, Bit-Z, Bittrex, Gate.io, Waves Decentralized Exchange, Instant Bitex, Gemini, BTC-Alpha, Trade Satoshi and Binance. It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

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