Zcash Market Capitalization Achieves $6.87 Billion (ZEC)

Zcash (ZEC) traded down 7.7% against the dollar during the twenty-four hour period ending at 7:00 AM ET on December 23rd. Zcash has a market cap of $6.87 billion and $575.69 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded up 5.7% against the dollar. One Zcash coin can now be purchased for approximately $417.36 or 0.00475966 BTC on exchanges.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Horizen (ZEN) traded down 4.8% against the dollar and now trades at $7.59 or 0.00008655 BTC.
• Pirate Chain (ARRR) traded 13.1% lower against the dollar and now trades at $0.28 or 0.00000319 BTC.
• Bitcoin Gold (BTG) traded 23.7% lower against the dollar and now trades at $0.52 or 0.00000595 BTC.
• Komodo (KMD) traded down 33.7% against the dollar and now trades at $0.0249 or 0.00000028 BTC.
• ZClassic (ZCL) traded up 16.7% against the dollar and now trades at $0.28 or 0.00000319 BTC.

Zcash Coin Profile

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 16,451,082 coins. The official message board for Zcash 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. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco 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, 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 trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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