Zcash (CURRENCY:ZEC) traded down 3.4% against the US dollar during the 24-hour period ending at 11:00 AM ET on March 12th. One Zcash coin can currently be purchased for $290.40 or 0.03127990 BTC on exchanges including Coinrail, BX Thailand, Waves Decentralized Exchange and Coinroom. During the last week, Zcash has traded 27.1% lower against the US dollar. Zcash has a market capitalization of $1.01 billion and $53.15 million worth of Zcash was traded on exchanges in the last 24 hours.
Here’s how other cryptocurrencies have performed during the last 24 hours:
- Bitcoin Gold (BTG) traded 1.3% lower against the dollar and now trades at $82.24 or 0.00885789 BTC.
- ZenCash (ZEN) traded down 8.8% against the dollar and now trades at $22.45 or 0.00241861 BTC.
- ZClassic (ZCL) traded 12.3% lower against the dollar and now trades at $8.48 or 0.00091342 BTC.
- Zero (ZER) traded 13.8% lower against the dollar and now trades at $1.04 or 0.00011149 BTC.
- Bitcoin Private (BTCP) traded up 14.9% against the dollar and now trades at $75.31 or 0.00812767 BTC.
Zcash (CURRENCY:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 3,463,969 coins. The official message board for Zcash is forum.z.cash. The official website for Zcash is z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here.
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, 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. Block explorer data from https://explorer.zcha.in/ “
Buying and Selling Zcash
Zcash can be bought or sold on these cryptocurrency exchanges: Bittrex, GOPAX, CoinEx, Gate.io, Upbit, OKEx, Tux Exchange, Binance, WEX, CoinExchange, Cryptomate, Mercatox, CEX.IO, Abucoins, Exrates, Trade Satoshi, Coinroom, LiteBit.eu, Cryptopia, Altcoin Trader, BCEX, Huobi, Coinrail, C-CEX, BTC-Alpha, Poloniex, Allcoin, Qryptos, Bitfinex, LocalTrade, Kraken, Bitlish, Waves Decentralized Exchange, The Rock Trading, BX Thailand, HitBTC, BigONE, YoBit, Bit-Z, Bithumb, Lbank and Exmo. It is not possible to purchase Zcash directly using US dollars. Investors seeking to trade Zcash must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.
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