Zcash One Day Trading Volume Reaches $127.56 Million (ZEC)

Zcash (CURRENCY:ZEC) traded 4.8% higher against the U.S. dollar during the 24 hour period ending at 23:00 PM E.T. on September 21st. One Zcash coin can currently be purchased for approximately $124.82 or 0.01855088 BTC on major cryptocurrency exchanges including Exmo, BigONE, Coinrail and CoinEx. In the last week, Zcash has traded up 4% against the U.S. dollar. Zcash has a market capitalization of $605.42 million and $127.56 million worth of Zcash was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded 2.2% higher against the dollar and now trades at $22.26 or 0.00330892 BTC.
• ZenCash (ZEN) traded 1.3% higher against the dollar and now trades at $19.67 or 0.00305821 BTC.
• Horizen (ZEN) traded 3.4% higher against the dollar and now trades at $16.12 or 0.00239568 BTC.
• Bitcoin Private (BTCP) traded down 1% against the dollar and now trades at $3.01 or 0.00044775 BTC.
• Bitcoin Interest (BCI) traded 1.2% higher against the dollar and now trades at $1.36 or 0.00020239 BTC.
• ZClassic (ZCL) traded up 1.8% against the dollar and now trades at $3.43 or 0.00050994 BTC.
• BitcoinZ (BTCZ) traded up 10.9% against the dollar and now trades at $0.0007 or 0.00000010 BTC.
• Zero (ZER) traded 3.5% lower against the dollar and now trades at $0.18 or 0.00002643 BTC.
• Hush (HUSH) traded 10.2% higher against the dollar and now trades at $0.11 or 0.00001705 BTC.
• Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

About Zcash

             <a href="https://www.marketbeat.com/cryptocurrencies/zcash/">Zcash</a> 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 4,850,231 coins. Zcash’s official website is <a rel="nofollow" href="https://z.cash/">z.cash</a>. Zcash’s official Twitter account is <a rel="nofollow" href="https://www.twitter.com/zcashco">@zcashco</a> and its Facebook page is accessible <a rel="nofollow" href="https://www.facebook.com/201334113621961">here</a>. The official message board for Zcash is <a rel="nofollow" href="https://forum.z.cash/">forum.z.cash</a>. 

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

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