Zcash (ZEC) Price Tops $37.50 on Exchanges

Zcash (CURRENCY:ZEC) traded up 1.6% against the US dollar during the 1-day period ending at 16:00 PM ET on November 10th. During the last seven days, Zcash has traded up 0.7% against the US dollar. One Zcash coin can currently be bought for about $37.50 or 0.00414186 BTC on exchanges including Allcoin, Liquid, Bit-Z and BitBay. Zcash has a total market capitalization of $293.37 million and $146.56 million worth of Zcash was traded on exchanges in the last day.

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

  • Bitcoin Gold (BTG) traded 4.4% higher against the dollar and now trades at $8.84 or 0.00097660 BTC.
  • Horizen (ZEN) traded 1.8% higher against the dollar and now trades at $4.82 or 0.00053228 BTC.
  • ZClassic (ZCL) traded 28.6% higher against the dollar and now trades at $0.24 or 0.00002645 BTC.
  • Zero (ZER) traded 3.1% lower against the dollar and now trades at $0.18 or 0.00002001 BTC.
  • Bitcoin Private (BTCP) traded 27.9% higher against the dollar and now trades at $0.22 or 0.00002471 BTC.
  • BitcoinZ (BTCZ) traded 41.4% higher against the dollar and now trades at $0.0002 or 0.00000002 BTC.
  • Hush (HUSH) traded up 28.3% against the dollar and now trades at $0.0901 or 0.00000995 BTC.
  • CrypticCoin (CRYP) traded 3.1% higher against the dollar and now trades at $0.0002 or 0.00000003 BTC.
  • Bitcoin Interest (BCI) traded down 11.1% against the dollar and now trades at $0.0288 or 0.00000318 BTC.
  • VoteCoin (VOT) traded down 3% against the dollar and now trades at $0.0028 or 0.00000031 BTC.

Zcash Coin Profile

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 7,822,244 coins. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official website is z.cash.

According to CryptoCompare, “zk-SNARKsThe BasicZcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs. The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier. “Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.   Application to ZCASHIn order to have zero-knowledge privacy in Zcash, the function determining the validity of a transaction according to the network’s consensus rules must return the answer of whether the transaction is valid or not, without revealing any of the information it performed the calculations on. This is done by encoding some of the network's consensus rules in zk-SNARKs. At a high level, zk-SNARKs work by first turning what you want to prove into an equivalent form about knowing a solution to some algebraic equations. In the following section, we give a brief overview of how the rules for determining a valid transaction get transformed into equations that can then be evaluated on a candidate solution without revealing any sensitive information to the parties verifying the equations. “

Zcash Coin Trading

Zcash can be bought or sold on the following cryptocurrency exchanges: Huobi, Gemini, Ovis, Kuna, BX Thailand, OKEx, Kraken, CoinExchange, BTC Trade UA, Trade Satoshi, Coinut, Cryptopia, BCEX, Crex24, LiteBit.eu, C2CX, Bitlish, LocalTrade, Exmo, Poloniex, WEX, GOPAX, CoinEx, Bit-Z, YoBit, BTC-Alpha, Braziliex, OTCBTC, Cryptohub, Bittrex, Coinrail, Upbit, Coinroom, Sistemkoin, Mercatox, Bitfinex, LBank, BitBay, Binance, Allcoin, Tux Exchange, Bitinka, Bithumb, Graviex, Gate.io, CEX.IO, Instant Bitex, BiteBTC, Altcoin Trader, Cryptomate, Liquid, BigONE, HitBTC and Waves Decentralized Exchange. It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

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