Zcash Tops One Day Volume of $1.45 Billion (ZEC)

Zcash (ZEC) traded 23.1% higher against the U.S. dollar during the one day period ending at 12:00 PM ET on November 5th. During the last week, Zcash has traded up 45.5% against the U.S. dollar. Zcash has a total market cap of $7.82 billion and $1.45 billion worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for about $480.30 or 0.00462326 BTC on exchanges.

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

• Horizen (ZEN) traded up 12.2% against the dollar and now trades at $21.75 or 0.00020932 BTC.
• Pirate Chain (ARRR) traded 2.2% lower against the dollar and now trades at $0.49 or 0.00000468 BTC.
• Bitcoin Gold (BTG) traded up 74.6% against the dollar and now trades at $1.24 or 0.00001189 BTC.
• ZClassic (ZCL) traded up 57.8% against the dollar and now trades at $1.24 or 0.00001198 BTC.
• Komodo (KMD) traded 53.8% lower against the dollar and now trades at $0.0245 or 0.00000024 BTC.

Zcash Profile

Zcash 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 16,286,239 coins. Zcash’s official message board is forum.z.cash. 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. 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”

Buying and Selling Zcash

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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