Zcash Market Cap Hits $10.65 Billion (ZEC)

Zcash (ZEC) traded 8.5% higher against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on May 24th. In the last seven days, Zcash has traded up 24.4% against the U.S. dollar. One Zcash coin can currently be purchased for $637.80 or 0.00826116 BTC on popular exchanges. Zcash has a total market cap of $10.65 billion and approximately $809.82 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Horizen (ZEN) traded 5.5% higher against the dollar and now trades at $6.16 or 0.00007973 BTC.
  • Pirate Chain (ARRR) traded up 12.8% against the dollar and now trades at $0.36 or 0.00000470 BTC.
  • Komodo (KMD) traded 97.3% higher against the dollar and now trades at $0.10 or 0.00000130 BTC.
  • Bitcoin Gold (BTG) traded up 18.5% against the dollar and now trades at $0.38 or 0.00000490 BTC.
  • ZClassic (ZCL) traded down 1.2% against the dollar and now trades at $0.16 or 0.00000210 BTC.

About Zcash

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 16,690,608 coins. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here.

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, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

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