Zcash Trading 0.4% Lower This Week (ZEC)

Zcash (CURRENCY:ZEC) traded down 0.8% against the U.S. dollar during the one day period ending at 14:00 PM Eastern on December 2nd. Over the last week, Zcash has traded 0.4% lower against the U.S. dollar. Zcash has a market capitalization of $219.48 million and approximately $118.59 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for $27.51 or 0.00377295 BTC on major exchanges including Cryptohub, HitBTC, Liquid and YoBit.

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

  • Bitcoin Gold (BTG) traded down 3.3% against the dollar and now trades at $6.13 or 0.00084055 BTC.
  • Horizen (ZEN) traded 0.2% lower against the dollar and now trades at $5.44 or 0.00074646 BTC.
  • ZClassic (ZCL) traded 1.6% lower against the dollar and now trades at $0.25 or 0.00003405 BTC.
  • BitcoinZ (BTCZ) traded down 3.6% against the dollar and now trades at $0.0001 or 0.00000002 BTC.
  • Zero (ZER) traded down 0.6% against the dollar and now trades at $0.0945 or 0.00001295 BTC.
  • CrypticCoin (CRYP) traded 6.5% higher against the dollar and now trades at $0.0002 or 0.00000003 BTC.
  • Hush (HUSH) traded down 0.2% against the dollar and now trades at $0.0638 or 0.00000874 BTC.
  • Bitcoin Interest (BCI) traded 5% lower against the dollar and now trades at $0.0248 or 0.00000341 BTC.
  • Bitcoin Private (BTCP) traded 2.5% lower against the dollar and now trades at $0.0878 or 0.00001204 BTC.
  • Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) 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 7,979,481 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash.

According to CryptoCompare, “zk-SNARKsThe BasicZcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs. The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier. “Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.   Application to ZCASHIn order to have zero-knowledge privacy in Zcash, the function determining the validity of a transaction according to the network’s consensus rules must return the answer of whether the transaction is valid or not, without revealing any of the information it performed the calculations on. This is done by encoding some of the network's consensus rules in zk-SNARKs. At a high level, zk-SNARKs work by first turning what you want to prove into an equivalent form about knowing a solution to some algebraic equations. In the following section, we give a brief overview of how the rules for determining a valid transaction get transformed into equations that can then be evaluated on a candidate solution without revealing any sensitive information to the parties verifying the equations. “

Zcash Coin Trading

Zcash can be bought or sold on the following cryptocurrency exchanges: Bitlish, OKEx, Bithumb, BigONE, YoBit, BiteBTC, Kuna, Crex24, Upbit, Bitinka, Gemini, Cryptohub, Bit-Z, WEX, Waves Decentralized Exchange, Instant Bitex, Altcoin Trader, HitBTC, CEX.IO, BitBay, LocalTrade, Trade Satoshi, Coinroom, LiteBit.eu, C2CX, Coinrail, Huobi, GOPAX, Exmo, Liquid, Graviex, Cryptomate, BX Thailand, OTCBTC, Kraken, Cryptopia, BTC-Alpha, Bittrex, Coinut, Allcoin, Tux Exchange, CoinEx, Braziliex, CoinExchange, Ovis, Binance, LBank, BTC Trade UA, Bitfinex, Mercatox, Gate.io, Sistemkoin, BCEX and Poloniex. It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

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