Zcash Reaches Market Capitalization of $1.52 Billion (ZEC)

Zcash (CURRENCY:ZEC) traded 2.5% higher against the US dollar during the 24-hour period ending at 9:00 AM ET on February 12th. Zcash has a market cap of $1.52 billion and approximately $80.34 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded 48.4% higher against the US dollar. One Zcash coin can now be bought for $466.22 or 0.05362160 BTC on popular cryptocurrency exchanges including Allcoin, GOPAX, Bitlish and LocalTrade.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • Bitcoin Gold (BTG) traded up 6.6% against the dollar and now trades at $135.09 or 0.01553650 BTC.
  • Komodo (KMD) traded 4% higher against the dollar and now trades at $4.18 or 0.00048112 BTC.
  • ZClassic (ZCL) traded up 8.3% against the dollar and now trades at $103.45 or 0.01189770 BTC.
  • ZenCash (ZEN) traded 5.1% higher against the dollar and now trades at $37.24 or 0.00428335 BTC.
  • Hush (HUSH) traded down 0.3% against the dollar and now trades at $2.25 or 0.00025886 BTC.
  • Zero (ZER) traded up 11.4% against the dollar and now trades at $1.56 or 0.00017940 BTC.

About Zcash

ZEC 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 3,262,931 coins. The official website for Zcash is z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible 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, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “

Buying and Selling Zcash

Zcash can be traded on the following cryptocurrency exchanges: Mercatox, Bit-Z, Huobi, LocalTrade, Qryptos, WEX, The Rock Trading, Lbank, GOPAX, Altcoin Trader, Cryptomate, Bitfinex, Upbit, Gate.io, BCEX, HitBTC, Binance, Bitlish, Coinrail, Waves Decentralized Exchange, Tux Exchange, Allcoin, CoinEx, YoBit, BigONE, Bittrex, C-CEX, Bithumb, Trade Satoshi, Abucoins, Exrates, Coinroom, CoinExchange, Poloniex, LiteBit.eu, Cryptopia, CEX.IO, BTC-Alpha, Exmo, OKEx, Kraken and BX Thailand. It is not presently possible to purchase Zcash directly using U.S. dollars. Investors seeking to trade Zcash must first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

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