Zcash (ZEC) Trading 22.3% Higher Over Last Week

Zcash (CURRENCY:ZEC) traded up 2.3% against the U.S. dollar during the 1-day period ending at 0:00 AM Eastern on April 8th. In the last week, Zcash has traded up 22.3% against the U.S. dollar. One Zcash coin can now be purchased for about $38.36 or 0.00526345 BTC on major cryptocurrency exchanges including LiteBit.eu, Mercatox, Bitinka and Crex24. Zcash has a market capitalization of $374.14 million and approximately $415.70 million worth of Zcash was traded on exchanges in the last 24 hours.

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

  • Bitcoin Gold (BTG) traded 16.5% higher against the dollar and now trades at $9.74 or 0.00133665 BTC.
  • Horizen (ZEN) traded down 2.7% against the dollar and now trades at $5.89 or 0.00080870 BTC.
  • ZClassic (ZCL) traded down 0.2% against the dollar and now trades at $0.19 or 0.00002671 BTC.
  • Zero (ZER) traded down 5.3% against the dollar and now trades at $0.18 or 0.00002538 BTC.
  • Bitcoin Private (BTCP) traded down 38.7% against the dollar and now trades at $0.16 or 0.00002237 BTC.
  • BitcoinZ (BTCZ) traded up 27% against the dollar and now trades at $0.0001 or 0.00000001 BTC.
  • Hush (HUSH) traded 6.1% lower against the dollar and now trades at $0.0347 or 0.00000476 BTC.
  • CrypticCoin (CRYP) traded 19.5% higher against the dollar and now trades at $0.0001 or 0.00000001 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.
  • VoteCoin (VOT) traded up 141.7% against the dollar and now trades at $0.0012 or 0.00000017 BTC.

Zcash Profile

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 9,754,444 coins. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official website for Zcash 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 traded on the following cryptocurrency exchanges: OTCBTC, Bitfinex, Waves Decentralized Exchange, CEX.IO, Instant Bitex, LBank, Bit-Z, HitBTC, Huobi, Cryptohub, CoinEx, C2CX, BiteBTC, BigONE, Liquid, Tux Exchange, Bittrex, Gate.io, Gemini, Cryptopia, Bithumb, Coinut, Bitinka, BCEX, Binance, BTC-Alpha, Upbit, CoinExchange, BTC Trade UA, Exmo, Coinrail, LiteBit.eu, OKEx, WEX, Kraken, Crex24, Braziliex, BitBay, Allcoin, Coinroom, Mercatox, Poloniex, Cryptomate, Graviex, Bitlish, Sistemkoin, Altcoin Trader, YoBit, LocalTrade, BX Thailand, GOPAX, Ovis, Kuna and Trade Satoshi. It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

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