Zcash One Day Volume Hits $1.28 Billion (ZEC)

Zcash (ZEC) traded up 2.6% against the dollar during the 1 day period ending at 8:00 AM E.T. on August 28th. One Zcash coin can currently be bought for $806.07 or 0.01012255 BTC on major exchanges. During the last seven days, Zcash has traded 27.2% higher against the dollar. Zcash has a market cap of $13.58 billion and approximately $1.28 billion worth of Zcash was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

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• Horizen (ZEN) traded down 0% against the dollar and now trades at $5.18 or 0.00006507 BTC.
• Pirate Chain (ARRR) traded up 3.5% against the dollar and now trades at $0.21 or 0.00000258 BTC.
• Bitcoin Gold (BTG) traded up 0.2% against the dollar and now trades at $0.50 or 0.00000630 BTC.
• ZClassic (ZCL) traded 5.9% lower against the dollar and now trades at $0.21 or 0.00000262 BTC.
• Komodo (KMD) traded 20.8% lower against the dollar and now trades at $0.0064 or 0.00000008 BTC.

About Zcash

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 16,842,022 coins. The official website for Zcash is 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 message board for Zcash 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, 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”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

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