() traded 1.5% higher than the dollar in the 24-hour period that ended at 0:00 AM Eastern time on the 16th of May. Zcash's market cap is $544.85 millions and the exchanges have traded $14.66million worth of Zcash in the past day. Zcash's value against the dollar has increased by 1% over the past week. On major exchanges, one Zcash coin is currently available for $33.37 (or 0.00123210 Bitcoin).
The performance of other crypto currencies over the past day is shown below:
Bitcoin Gold (BTG), which is a digital gold coin, has traded at $12.53 per 0.00046250 BTC. This represents a 2.6% decline against the US dollar.
Horizen (ZEN), which is currently trading at $8.48, or 0.00031314 BTC, has gained 3.9% in value against the US dollar.
Pirate Chain (ARRR), which trades for $0.28, or 0.00001050 BTC, has fallen 2% in value against the dollar.
Komodo (KMD), which is currently trading at $0.29, or 0.00001078 BTC, has traded 2.9% higher than the dollar.
Bitcoin Private (BTCP), which trades for $0.20, or 0.00000735 BTC, is down 0.2% in value against the dollar.
ZClassic (ZCL), which is currently trading at $0.0409, or 0.00000151 BTC, has traded down 11.3% in relation to the dollar.
It is a Proof-of-Work (PoW), coin that uses Equihash's hashing algorithm. It was launched on 28 October 2016. The total number of coins in Zcash is 16,328.269 Here is a link to the article
CryptoCompare states that 'ZCash is an open-source decentralized digital currency launched in 2016'. It offers users enhanced privacy as well as selective transparency in transactions. ZCash uses the zk SNARKs protocol, which is a zero-knowledge-proof protocol. This protocol allows for the network to keep a secure ledger without disclosing parties or amounts. Transactions can be audited and verified without disclosing the sender or receiver, nor their amount. ZEC is a currency that has a maximum of 21,000,000 coins. A growing number of services, merchants and exchanges accept it.
Zcash Coin Trading
It is not usually possible to purchase alternative cryptocurrencies like Zcash using US dollars. Gemini or Bitcoin. MarketBeat.com’s FREE CryptoBeat Newsletter