Zcash (CURRENCY:ZEC) traded 4.4% higher against the U.S. dollar during the twenty-four hour period ending at 23:00 PM Eastern on January 30th. One Zcash coin can now be bought for approximately $443.25 or 0.04143300 BTC on major cryptocurrency exchanges including Altcoin Trader, Bithumb, Bitfinex and Allcoin. Zcash has a total market capitalization of $1.48 billion and approximately $97.67 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded 8.3% lower against the U.S. dollar.
Here’s how related cryptocurrencies have performed in the last 24 hours:
- Bitcoin Gold (BTG) traded 2.4% lower against the dollar and now trades at $126.63 or 0.01183730 BTC.
- ZClassic (ZCL) traded down 4.6% against the dollar and now trades at $146.94 or 0.01373550 BTC.
- Komodo (KMD) traded 7% lower against the dollar and now trades at $4.50 or 0.00042049 BTC.
- ZenCash (ZEN) traded up 7.3% against the dollar and now trades at $38.15 or 0.00357187 BTC.
- Hush (HUSH) traded down 5.5% against the dollar and now trades at $2.13 or 0.00019952 BTC.
- Zero (ZER) traded 3% higher against the dollar and now trades at $1.74 or 0.00016275 BTC.
Zcash Coin Profile
Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 3,331,656 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official website for Zcash is z.cash. Zcash’s official message board is forum.z.cash.
According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “
Buying and Selling Zcash
Zcash can be bought or sold on the following cryptocurrency exchanges: YoBit, Bit-Z, Cryptopia, Mercatox, Lbank, Coinrail, Tux Exchange, Altcoin Trader, BigONE, The Rock Trading, Kraken, Bitlish, Bittrex, WEX, Binance, CEX.IO, Gate.io, Qryptos, Bitfinex, Waves Decentralized Exchange, CoinEx, HitBTC, LiteBit.eu, BX Thailand, Trade Satoshi, Exmo, Exrates, C-CEX, Huobi, OKEx, LocalTrade, BTC-Alpha, CoinExchange, Abucoins, Coinroom, Allcoin, Poloniex, Bithumb, GOPAX, Cryptomate, BCEX and Upbit. It is not possible to purchase Zcash directly using US dollars. Investors seeking to trade Zcash must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.
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