Zcash (CURRENCY:ZEC) traded 9.9% lower against the U.S. dollar during the 24 hour period ending at 17:00 PM ET on March 14th. One Zcash coin can now be purchased for $254.80 or 0.03073800 BTC on popular exchanges including Bittrex, LiteBit.eu, OKEx and BCEX. Zcash has a total market capitalization of $886.65 million and approximately $51.31 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded 27% lower against the U.S. dollar.

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

  • Bitcoin Gold (BTG) traded down 10.8% against the dollar and now trades at $70.18 or 0.00846626 BTC.
  • ZenCash (ZEN) traded 17% lower against the dollar and now trades at $18.36 or 0.00221476 BTC.
  • ZClassic (ZCL) traded 0.9% lower against the dollar and now trades at $7.43 or 0.00089656 BTC.
  • Zero (ZER) traded 9.1% lower against the dollar and now trades at $0.88 or 0.00010670 BTC.
  • Bitcoin Private (BTCP) traded down 6.9% against the dollar and now trades at $42.20 or 0.00509101 BTC.

Zcash Coin Profile

Zcash (CURRENCY:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 3,479,806 coins. The official website for Zcash is z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash.

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, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “

Buying and Selling Zcash

Zcash can be bought or sold on the following cryptocurrency exchanges: OKEx, Tux Exchange, BigONE, Trade Satoshi, LiteBit.eu, CoinExchange, Coinroom, The Rock Trading, Waves Decentralized Exchange, WEX, Huobi, Exrates, Cryptomate, Altcoin Trader, Bithumb, CoinEx, Bitlish, YoBit, BX Thailand, Bitfinex, Poloniex, Gate.io, Binance, BCEX, BTC-Alpha, CEX.IO, Bittrex, HitBTC, Kraken, Exmo, Abucoins, Lbank, GOPAX, LocalTrade, Bit-Z, Qryptos, Cryptopia, C-CEX, Allcoin, Mercatox, Upbit and Coinrail. It is not possible to purchase Zcash directly using U.S. dollars. Investors seeking to acquire Zcash must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

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