Zcash (ZEC) One Day Volume Hits $361.81 Million

Zcash (ZEC) traded down 0.5% against the U.S. dollar during the 24-hour period ending at 7:00 AM Eastern on April 30th. During the last seven days, Zcash has traded 5.8% higher against the U.S. dollar. One Zcash coin can now be bought for about $333.37 or 0.00438464 BTC on major cryptocurrency exchanges. Zcash has a market capitalization of $5.55 billion and $361.81 million worth of Zcash was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded 3% lower against the dollar and now trades at $5.74 or 0.00007552 BTC.
• Pirate Chain (ARRR) traded down 5.1% against the dollar and now trades at $0.20 or 0.00000264 BTC.
• Bitcoin Gold (BTG) traded up 0.2% against the dollar and now trades at $0.52 or 0.00000683 BTC.
• ZClassic (ZCL) traded 2% lower against the dollar and now trades at $0.23 or 0.00000300 BTC.
• Komodo (KMD) traded down 23.8% against the dollar and now trades at $0.0029 or 0.00000004 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,652,756 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. 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.

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 Changelly, Gemini or GDAX. 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