Zcash Price Hits $462.64 on Major Exchanges (ZEC)

Zcash (ZEC) traded 3.8% higher against the U.S. dollar during the one day period ending at 7:00 AM ET on July 3rd. During the last seven days, Zcash has traded 16.6% higher against the U.S. dollar. Zcash has a total market capitalization of $7.75 billion and $483.54 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for about $462.64 or 0.00748441 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last day:

  • Horizen (ZEN) traded 3% higher against the dollar and now trades at $4.35 or 0.00007031 BTC.
  • Pirate Chain (ARRR) traded up 3.8% against the dollar and now trades at $0.25 or 0.00000401 BTC.
  • Komodo (KMD) traded down 0.8% against the dollar and now trades at $0.15 or 0.00000248 BTC.
  • Bitcoin Gold (BTG) traded 0.3% lower against the dollar and now trades at $0.29 or 0.00000472 BTC.
  • ZClassic (ZCL) traded 1.1% lower against the dollar and now trades at $0.18 or 0.00000291 BTC.

Zcash Profile

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 16,753,663 coins and its circulating supply is 16,753,630 coins. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official website for Zcash is 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, 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 U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

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