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Zcash Tops 24 Hour Volume of $121.58 Million (CRYPTO:ZEC)
Zcash (CURRENCY:ZEC) traded down 2.8% against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on August 11th. Zcash has a market cap of $632.17 million and approximately $121.58 million worth of Zcash was traded on exchanges in the last day. In the last seven days, Zcash has traded down 5% against the U.S. dollar. One Zcash coin can now be purchased for $135.64 or 0.02027277 BTC on popular cryptocurrency exchanges includingUpbit,Poloniex,CoinEx andLocalTrade.
Here’s how related cryptocurrencies have performed in the last day:
Bitcoin Gold (BTG) traded down 2.5% against the dollar and now trades at $19.59 or 0.00292772 BTC.
ZenCash (ZEN) traded 1.3% higheragainst the dollar and now trades at $19.67 or 0.00305821 BTC.
Horizen (ZEN) traded 5.7% loweragainst the dollar and now trades at $19.11 or 0.00285660 BTC.
Bitcoin Private (BTCP) traded 6.3% loweragainst the dollar and now trades at $3.95 or 0.00059087 BTC.
ZClassic (ZCL) traded up 0.3% against the dollar and now trades at $7.10 or 0.00106367 BTC.
Bitcoin Interest (BCI) traded 3.2% loweragainst the dollar and now trades at $1.24 or 0.00018596 BTC.
BitcoinZ (BTCZ) traded 7.1% higheragainst the dollar and now trades at $0.0009 or 0.00000013 BTC.
Hush (HUSH) traded up 3% against the dollar and now trades at $0.22 or 0.00003347 BTC.
Zec Crypto News
Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.
is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 4,660,706 coins. The official website for Zcash is
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 can be bought or sold on these cryptocurrency exchanges:C2CX,GOPAX, Bit-Z Zec Crypto News ,Sistemkoin,Bitlish,Altcoin Trader,Exmo,Kuna,Tux Exchange,CoinEx,OTCBTC,HitBTC,Coinrail,Gemini,CEX.IO,BitBay,YoBit,Bittrex,Allcoin,Binance,Huobi,Poloniex,Bithumb,Mercatox,WEX,OKEx,Gate.io,Qryptos, LBank,Cryptomate,Waves Decentralized Exchange,Ovis,BX Thailand,BTC-Alpha,Graviex,Bitfinex,Coinroom,LocalTrade,Braziliex,Coinut,The Rock Trading,BCEX,Bit-Z,BTC Trade UA,Kraken,Cryptopia,Trade Satoshi,Upbit,Cryptohub,LiteBit.eu,BigONE,Crex24 andBiteBTC.It is usually not 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 Changelly, Gemini or
. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.
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