Zcash (ZEC) Hits 24 Hour Trading Volume of $90.07 Million

Zcash (CURRENCY:ZEC) traded up 1.2% against the US dollar during the 1-day period ending at 12:00 PM Eastern on August 27th. Zcash has a market cap of $552.55 million and $90.07 million worth of Zcash was traded on exchanges in the last day. During the last seven days, Zcash has traded up 7.4% against the US dollar. One Zcash coin can now be purchased for approximately $114.34 or 0.01808576 BTC on popular exchanges including Binance, Instant Bitex, Bittrex and Bitfinex.

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

• Bitcoin Gold (BTG) traded 2.4% lower against the dollar and now trades at $20.79 or 0.00328834 BTC.
• ZenCash (ZEN) traded up 1.3% against the dollar and now trades at $19.67 or 0.00305821 BTC.
• Horizen (ZEN) traded down 2.5% against the dollar and now trades at $14.78 or 0.00233833 BTC.
• Bitcoin Private (BTCP) traded 0.4% higher against the dollar and now trades at $2.92 or 0.00046229 BTC.
• Bitcoin Interest (BCI) traded down 7.6% against the dollar and now trades at $1.38 or 0.00021892 BTC.
• ZClassic (ZCL) traded down 3.3% against the dollar and now trades at $3.43 or 0.00054302 BTC.
• BitcoinZ (BTCZ) traded 3.2% lower against the dollar and now trades at $0.0006 or 0.00000009 BTC.
• Zero (ZER) traded down 5.8% against the dollar and now trades at $0.19 or 0.00002948 BTC.
• Hush (HUSH) traded up 5.2% against the dollar and now trades at $0.12 or 0.00001897 BTC.
• Bitgem (BTG) traded flat against the dollar and now trades at $2.79 or 0.00034116 BTC.

Zcash Coin Profile

             <a href="https://www.marketbeat.com/cryptocurrencies/zcash/">Zcash (ZEC) </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 4,832,419 coins. Zcash’s official website is <a rel="nofollow" href="https://z.cash/">z.cash</a>. Zcash’s official message board is <a rel="nofollow" href="https://forum.z.cash/">forum.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>. 

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. “

Buying and Selling Zcash

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

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