Zcash (CURRENCY:ZEC) traded down 0.8% against the US dollar during the 24-hour period ending at 11:00 AM Eastern on May 26th.Zcash has a market cap of $415.44 million and approximately $170.10 million worth of Zcash was traded on exchanges in the last 24 hours.In the last seven days, Zcash has traded down 5.8% against the US dollar.One Zcash coin can currently be purchased for approximately $44.96 or 0.00509899 BTC on popular cryptocurrency exchanges including Exmo, Coinroom, CoinEx and Bittrex.
Here is how similar cryptocurrencies have performed in the last 24 hours: Get Zcash alerts: Bitcoin Gold (BTG) traded 0.3% lower against the dollar and now trades at $8.68 or 0.00098492 BTC.Horizen (ZEN) traded down 1.8% against the dollar and now trades at $5.96 or 0.00067606 BTC.ZClassic (ZCL) traded up 3.1% against the dollar and now trades at $0.19 or 0.00002180 BTC.Zero (ZER) traded 2.4% higher against the dollar and now trades at $0.0957 or 0.00001085 BTC.
Hush (HUSH) traded up 0.7% against the dollar and now trades at $0.0722 or 0.
818 BTC.Bitcoin Private (BTCP) traded 1.9% higher against the dollar and now trades at $0.12 or 0.00001356 BTC.BitcoinZ (BTCZ) traded up 1.1% against the dollar and now trades at $0.0001 or 0.1 BTC.Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.CrypticCoin (CRYP) traded 4.1% higher against the dollar and now trades at $0.0001 or 0.1 BTC.Bitcoin Interest (BCI) traded down 0.4% against the dollar and now trades at $0.0052 or 0.
59 BTC.
Zcash Profile
Zcash (CRYPTO:ZEC) 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 9,239,531 coins.Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here .
Zcash’s official website 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 purchased on these cryptocurrency exchanges: Gemini, Ovis, Exmo, Bitlish, Bithumb, Poloniex, Coinut, Gate.io, LiteBit.eu, Huobi, Coinroom, BX Thailand, Liquid, Instant Bitex, Upbit, Graviex, Tux Exchange, Mercatox, Cryptopia, GOPAX, Bitinka, Coinrail, Crex24, BTC Trade UA, Braziliex, LocalTrade, Allcoin, Trade Satoshi, BCEX, LBank, OKEx, Waves Decentralized Exchange, Bit-Z, BitBay, Altcoin Trader, Cryptohub, CoinExchange, C2CX, Bittrex, Binance, Kuna, CoinEx, Sistemkoin, Cryptomate, BigONE, Kraken, YoBit, CEX.IO, HitBTC, WEX, Bitfinex, BTC-Alpha, BiteBTC and OTCBTC.It is usually not 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, Changelly or Coinbase .
Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.Receive News & Updates for Zcash updates for Zcash and related cryptocurrencies CryptoBeat newsletter .«.