Zcash Tops 24 Hour Trading Volume of $54.46 Million (CRYPTO:ZEC)

Zcash (CURRENCY:ZEC) traded up 5.8% against the U.S. dollar during the 1-day period ending at 1:00 AM ET on February 17th. One Zcash coin can currently be bought for $299.95 or 0.03186630 BTC on popular cryptocurrency exchanges including Cryptopia, C-CEX, Bittrex and Gate.io. Zcash has a total market cap of $1.04 billion and approximately $54.46 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded 26.1% lower against the U.S. dollar.

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

  • Bitcoin Gold (BTG) traded 3.4% higher against the dollar and now trades at $83.16 or 0.00883501 BTC.
  • ZenCash (ZEN) traded 3.4% higher against the dollar and now trades at $23.91 or 0.00253995 BTC.
  • ZClassic (ZCL) traded 2.6% higher against the dollar and now trades at $9.64 or 0.00102410 BTC.
  • Zero (ZER) traded 1% higher against the dollar and now trades at $1.20 or 0.00012801 BTC.
  • Bitcoin Private (BTCP) traded up 21.6% against the dollar and now trades at $74.31 or 0.00789512 BTC.

Zcash Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 3,460,344 coins. Zcash’s official message board is forum.z.cash. The official website for Zcash is z.cash. Zcash’s official Twitter account is @zcashco 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, 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 traded on these cryptocurrency exchanges: YoBit, Bit-Z, Bittrex, Exmo, Upbit, Mercatox, Bitlish, Cryptopia, OKEx, GOPAX, Qryptos, BTC-Alpha, Trade Satoshi, Kraken, BigONE, C-CEX, BX Thailand, Huobi, Cryptomate, Abucoins, Waves Decentralized Exchange, HitBTC, Altcoin Trader, CEX.IO, BCEX, Tux Exchange, LiteBit.eu, Lbank, Allcoin, Bitfinex, Coinroom, Poloniex, Gate.io, The Rock Trading, Binance, Exrates, Bithumb, Coinrail, LocalTrade, WEX, CoinExchange and CoinEx. It is not currently possible to purchase Zcash directly using US dollars. Investors seeking to acquire Zcash must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

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