Zcash Tops One Day Volume of $1.45 Billion (ZEC)

Zcash (ZEC) traded up 23.1% against the US dollar during the 24 hour period ending at 12:00 PM Eastern on November 5th. One Zcash coin can currently be purchased for $480.30 or 0.00462326 BTC on popular exchanges. Zcash has a total market cap of $7.82 billion and $1.45 billion worth of Zcash was traded on exchanges in the last 24 hours. During the last week, Zcash has traded up 45.5% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 12.2% higher against the dollar and now trades at $21.75 or 0.00020932 BTC.
• Pirate Chain (ARRR) traded 2.2% lower against the dollar and now trades at $0.49 or 0.00000468 BTC.
• Bitcoin Gold (BTG) traded up 74.6% against the dollar and now trades at $1.24 or 0.00001189 BTC.
• ZClassic (ZCL) traded up 57.8% against the dollar and now trades at $1.24 or 0.00001198 BTC.
• Komodo (KMD) traded down 53.8% against the dollar and now trades at $0.0245 or 0.00000024 BTC.

Zcash Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,286,239 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official website is z.cash. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco 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, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView