Zcash (ZEC) Price Reaches $857.57 on Top Exchanges

Zcash (ZEC) traded up 1.9% against the dollar during the one day period ending at 8:00 AM E.T. on September 1st. Zcash has a market capitalization of $14.45 billion and approximately $746.98 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded up 2.9% against the dollar. One Zcash coin can currently be purchased for about $857.57 or 0.01099581 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last day:

  • Horizen (ZEN) traded 2% higher against the dollar and now trades at $5.71 or 0.00007317 BTC.
  • Pirate Chain (ARRR) traded 0.3% lower against the dollar and now trades at $0.18 or 0.00000234 BTC.
  • Bitcoin Gold (BTG) traded down 31.4% against the dollar and now trades at $0.34 or 0.00000430 BTC.
  • ZClassic (ZCL) traded down 0.4% against the dollar and now trades at $0.21 or 0.00000264 BTC.
  • Komodo (KMD) traded 90.1% lower against the dollar and now trades at $0.0086 or 0.00000011 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,848,281 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. 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 (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 currently 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

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