Zcash Trading 4.6% Lower Over Last 7 Days (ZEC)

Zcash (ZEC) traded up 1.3% against the US dollar during the 1 day period ending at 10:00 AM ET on March 22nd. Zcash has a total market cap of $485.26 million and $74.27 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for $30.55 or 0.00036285 BTC on popular exchanges. During the last week, Zcash has traded 4.6% lower against the US dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $8.93 or 0.00010611 BTC.
• Bitcoin Gold (BTG) traded 7.4% lower against the dollar and now trades at $3.05 or 0.00003627 BTC.
• Pirate Chain (ARRR) traded 1.1% lower against the dollar and now trades at $0.13 or 0.00000153 BTC.
• Komodo (KMD) traded 4.7% higher against the dollar and now trades at $0.17 or 0.00000207 BTC.
• ZClassic (ZCL) traded up 0.3% against the dollar and now trades at $0.0724 or 0.00000086 BTC.

Zcash Profile

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 15,905,531 coins and its circulating supply is 15,886,821 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board 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, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Buying and Selling Zcash

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView