Zcash (ZEC) 1-Day Volume Reaches $356.60 Million

Zcash (ZEC) traded up 3.2% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on July 19th. Zcash has a total market capitalization of $9.34 billion and $356.60 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for approximately $556.56 or 0.00863094 BTC on major cryptocurrency exchanges. In the last seven days, Zcash has traded up 6.6% against the US dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Horizen (ZEN) traded up 2.4% against the dollar and now trades at $4.22 or 0.00006551 BTC.
• Pirate Chain (ARRR) traded down 0.9% against the dollar and now trades at $0.21 or 0.00000332 BTC.
• Komodo (KMD) traded 71.5% lower against the dollar and now trades at $0.0352 or 0.00000055 BTC.
• Bitcoin Gold (BTG) traded 19.5% lower against the dollar and now trades at $0.20 or 0.00000310 BTC.
• ZClassic (ZCL) traded down 2.4% against the dollar and now trades at $0.16 or 0.00000248 BTC.

About Zcash

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,778,934 coins. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash 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”

Buying and Selling Zcash

It is usually not currently 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, Changelly 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