Zcash (ZEC) 1-Day Trading Volume Tops $1.33 Billion

Zcash (ZEC) traded 0.5% higher against the US dollar during the twenty-four hour period ending at 8:00 AM ET on September 5th. One Zcash coin can now be bought for about $1,013.21 or 0.01271959 BTC on cryptocurrency exchanges. Over the last week, Zcash has traded up 24.8% against the US dollar. Zcash has a market capitalization of $17.08 billion and $1.33 billion worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Horizen (ZEN) traded 14.2% higher against the dollar and now trades at $7.32 or 0.00009195 BTC.
  • Pirate Chain (ARRR) traded up 9.4% against the dollar and now trades at $0.21 or 0.00000262 BTC.
  • Bitcoin Gold (BTG) traded down 2.3% against the dollar and now trades at $0.49 or 0.00000619 BTC.
  • ZClassic (ZCL) traded 8.7% higher against the dollar and now trades at $0.20 or 0.00000253 BTC.
  • Komodo (KMD) traded 28.4% lower against the dollar and now trades at $0.0076 or 0.00000009 BTC.

Zcash Profile

Zcash (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 16,854,629 coins. Zcash’s official website 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 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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