Zcash Reaches Market Capitalization of $3.59 Billion (ZEC)

Zcash (ZEC) traded 1.1% lower against the US dollar during the one day period ending at 7:00 AM E.T. on March 29th. One Zcash coin can now be purchased for about $216.12 or 0.00323812 BTC on major exchanges. Zcash has a total market cap of $3.59 billion and $229.80 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded down 0.6% against the US dollar.

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

• Horizen (ZEN) traded 0.4% lower against the dollar and now trades at $5.15 or 0.00007719 BTC.
• Pirate Chain (ARRR) traded up 1.6% against the dollar and now trades at $0.19 or 0.00000290 BTC.
• Bitcoin Gold (BTG) traded 19.9% lower against the dollar and now trades at $0.82 or 0.00001226 BTC.
• ZClassic (ZCL) traded 0.8% higher against the dollar and now trades at $0.20 or 0.00000301 BTC.
• Komodo (KMD) traded down 4.2% against the dollar and now trades at $0.0027 or 0.00000004 BTC.

Zcash Profile

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 16,602,350 coins and its circulating supply is 16,602,326 coins. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is 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”

Zcash Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView