Zcash (ZEC) Trading 65.8% Higher Over Last Week

Zcash (ZEC) traded 3.8% higher against the U.S. dollar during the 1 day period ending at 8:00 AM ET on August 24th. During the last week, Zcash has traded up 65.8% against the U.S. dollar. One Zcash coin can now be purchased for approximately $847.19 or 0.01080664 BTC on major cryptocurrency exchanges. Zcash has a market cap of $14.26 billion and $1.56 billion worth of Zcash was traded on exchanges in the last day.

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

  • Horizen (ZEN) traded 2.3% higher against the dollar and now trades at $5.55 or 0.00007080 BTC.
  • Pirate Chain (ARRR) traded up 3.1% against the dollar and now trades at $0.23 or 0.00000287 BTC.
  • Bitcoin Gold (BTG) traded 1.5% higher against the dollar and now trades at $0.50 or 0.00000641 BTC.
  • Komodo (KMD) traded up 679% against the dollar and now trades at $0.0574 or 0.00000073 BTC.
  • ZClassic (ZCL) traded up 5.3% against the dollar and now trades at $0.23 or 0.00000297 BTC.

Zcash Coin Profile

Zcash 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 16,835,715 coins. 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash.

According to CryptoCompare, “Zcash (ZEC) is the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Zcash Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

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