ZCash (ZEC) Ranked 21 in Coin Market Daddy Currencies Index. ZCash (ZEC) price is $52.27. It has a current circulating supply of 5,720,006 ZEC and a Marketcap of $299.01M. Today ZCash price is down (-0.34%). $428.19M 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.
Zcash is a cryptocurrency based on decentralized blockchain that brings to light an advanced technique. Nobody will know how much cryptocurrency you buy, sell or exchange on the marketplace. The platform was launched in October 2016 by the CEO Zooko Wilcox-O’Heam – a computer security specialist...