Zcash (ZEC) Tops 24 Hour Volume of $74.52 Million

Zcash (ZEC) traded 0.3% higher against the dollar during the 24-hour period ending at 18:00 PM Eastern on July 28th. During the last week, Zcash has traded 1.2% lower against the dollar. One Zcash coin can now be bought for $31.86 or 0.00046758 BTC on popular exchanges. Zcash has a total market cap of $520.18 million and $74.52 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 0.4% higher against the dollar and now trades at $26.63 or 0.00039093 BTC.
• Horizen (ZEN) traded 1% higher against the dollar and now trades at $11.01 or 0.00016155 BTC.
• Komodo (KMD) traded 3.2% lower against the dollar and now trades at $0.27 or 0.00000404 BTC.
• Pirate Chain (ARRR) traded 2.4% higher against the dollar and now trades at $0.18 or 0.00000263 BTC.
• ZClassic (ZCL) traded down 1.1% against the dollar and now trades at $0.0550 or 0.00000081 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 16,328,269 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash.

According to CryptoCompare, “ZCash (ZEC) is a digital currency and decentralized open-source cryptocurrency, launched in 2016. It provides users with enhanced privacy and selective transparency of transactions. ZCash is based on the zero-knowledge proof protocol known as zk-SNARKs. This protocol allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Transactions can be audited, verified and tracked without revealing the sender, receiver or transaction amount. ZEC is an inflationary currency, with a maximum supply of 21 million coins. It is accepted by a growing number of merchants, exchanges and other services.”

Buying and Selling Zcash

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView