2438 cryptocurrencies
Total Market Cap $252.649.302.946
Total Volume 24h $839.843.766

ZCash ZCash

38,00 USD/ZEC
0.00441519 BTC
1,43 (3,91%)

ZCash Price today

ZCash, also known as ZEC, has a price today of 38,00$ and a market capitalization of 288.538.976$, which is 0,11% of the total. ZCash has a total of 7.593.131 coins in circulation.

In the last 24 hours, the price of ZCash has increased 1,43$, which is 3,91% of its valuation.

What is ZCash?

ZCash is all about privacy protocols. All the initial features of ZCash is similar to bitcoin with some slight differences.

In ZCash people can maintain the anonymity of their transactions too! In Bitcoin platform, only the user IP address or personal info were anonymous. But if one wanted they could trace all of his or her transactions and know just how much money they exchanged.

In ZCash the scenario changed. The system made sure that the transaction amount and even the addresses would be encrypted. This adds up the extra layer of security to the whole network. It uses a special proof of work protocol called zk-snark to make sure the ledgers are up-to-date.

As no one can follow up a transaction this protocol comes in handy to keep track of the sent and received fund. The coin was introduced in 2016 and after that, it slowly started to gain popularity.

The code is open source and can be used by any individual for their benefit. Zooko Wilcox the company owner initially funded 10% of the coins. Although the entire system is base on Bitcoin network but it only takes 2.5 minutes per block to mine instead of 10 minutes. 

ZCash Features

  • Every step of the transaction process is encrypted. So, it’s unhackable to a great extent.
  • Comparatively takes less time to mine than Bitcoin.
  • Offers fungibility to the whole network.
  • Highly scalable network.

ZCash Technology

ZCash runs on the blockchain based platform which offers a cryptographic tool named zero-knowledge proof. It makes sure that two users on this network can share their fund without revealing their identity. Once a payment has been made it can't be returned.

Although this process has both good and bad outcomes. As criminals can easily use this platform to launder money. The good side is that government organizations can trade information without leaking the details.

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Market share 0,11%
Proof type PoW
24h Open $36,57
24h Low $36,39
24h High $38,30
Price in BTC 0.00441519 BTC
Current Supply 7.593.131 ZEC
Total Supply 21.000.000 ZEC
Market cap $288.538.976
24h Volume (coin) 11.539 ZEC
24h Volume (currency) $433.142
Last updated 2019-10-09 22:15:11 +01:00 BST
Date Price Volume

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