Looking for ZCash? Find ZEC Price, Exchanges, Reviews, Chart, Historical Data & ZEC Marketcap
ZCash (ZEC) Ranked 27 in Coin Market Daddy Currencies Index. ZCash (ZEC) price is $52.57. It has a current circulating supply of 9,737,919 ZEC and a Marketcap of $445.84M. $96.96M worth of ZCash (ZEC) has been traded in the past 24 hours. ZCash (ZEC) currency type is coin (mineable). ZEC trading is available in number of exchanges. Exchanges information is updated automatically. Stay tuned to check updated information. If you find any error on this page, please Contact Us to update ZCash (ZEC) and contribute to CMD Cryptocurrency Encyclopedia.
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.