Zcash (CRYPTO:ZEC) Achieves Market Capitalization of $292.16 Million

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Zcash (CURRENCY:ZEC) traded down 0.1% against the US dollar during the 1 day period ending at 15:00 PM ET on January 26th. One Zcash coin can now be bought for approximately $49.81 or 0.01360124 BTC on popular exchanges including Coinrail, Poloniex, OKEx and BTC Trade UA. Over the last seven days, Zcash has traded 2.6% higher against the US dollar. Zcash has a market cap of $292.16 million and $169.90 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • Bitcoin Gold (BTG) traded 0.5% lower against the dollar and now trades at $10.47 or 0.00285897 BTC.
  • Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $4.39 or 0.00119986 BTC.
  • Bitcoin Private (BTCP) traded 0.2% higher against the dollar and now trades at $1.11 or 0.00030359 BTC.
  • ZClassic (ZCL) traded 4.7% higher against the dollar and now trades at $0.93 or 0.00025265 BTC.
  • CrypticCoin (CRYP) traded 2.5% lower against the dollar and now trades at $0.0017 or 0.00000047 BTC.
  • Bitcoin Interest (BCI) traded up 0% against the dollar and now trades at $0.20 or 0.00005508 BTC.
  • BitcoinZ (BTCZ) traded 0.5% higher against the dollar and now trades at $0.0002 or 0.00000005 BTC.
  • Zero (ZER) traded 9.1% lower against the dollar and now trades at $0.0686 or 0.00001874 BTC.
  • Hush (HUSH) traded 5.1% higher against the dollar and now trades at $0.0398 or 0.00001088 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 5,865,831 coins. The official website for Zcash 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 bought or sold on the following cryptocurrency exchanges: Cryptomate, Waves Decentralized Exchange, Graviex, Exmo, LocalTrade, Coinrail, Mercatox, OTCBTC, Bitinka, Tux Exchange, CoinExchange, Huobi, YoBit, Coinut, BX Thailand, LBank, Ovis, Braziliex, Gate.io, WEX, Coinroom, BTC Trade UA, BCEX, LiteBit.eu, Bitlish, Cryptopia, Altcoin Trader, Bitfinex, Crex24, BTC-Alpha, Liquid, Instant Bitex, OKEx, Sistemkoin, Cryptohub, HitBTC, Bithumb, Binance, Gemini, GOPAX, C2CX, Kraken, Allcoin, Bittrex, CEX.IO, BiteBTC, BigONE, Bit-Z, Trade Satoshi, Upbit, BitBay, Kuna, Poloniex and CoinEx. It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

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