Zcash Trading 2% Higher Over Last Week (ZEC)

Zcash (ZEC) traded down 1.9% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on February 13th. One Zcash coin can now be bought for about $233.61 or 0.00348371 BTC on major cryptocurrency exchanges. Over the last week, Zcash has traded up 2% against the US dollar. Zcash has a total market cap of $3.86 billion and $263.17 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Horizen (ZEN) traded 0.5% higher against the dollar and now trades at $5.99 or 0.00008934 BTC.
• Pirate Chain (ARRR) traded 7.5% lower against the dollar and now trades at $0.24 or 0.00000365 BTC.
• Bitcoin Gold (BTG) traded 62.3% lower against the dollar and now trades at $0.57 or 0.00000853 BTC.
• Komodo (KMD) traded 0.7% lower against the dollar and now trades at $0.0235 or 0.00000035 BTC.
• ZClassic (ZCL) traded down 1.2% against the dollar and now trades at $0.25 or 0.00000373 BTC.

Zcash Profile

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 16,533,074 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. 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.

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 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView