Zcash (CURRENCY:ZEC) traded up 10.5% against the dollar during the twenty-four hour period ending at 8:00 AM ET on March 19th. In the last week, Zcash has traded 21.8% lower against the dollar. Zcash has a market capitalization of $825.58 million and $60.09 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for approximately $235.01 or 0.02825760 BTC on popular cryptocurrency exchanges including Bitfinex, Bittrex, BTC-Alpha and LocalTrade.
Here’s how related cryptocurrencies have performed in the last day:
- Bitcoin Gold (BTG) traded up 4.4% against the dollar and now trades at $59.92 or 0.00720442 BTC.
- ZenCash (ZEN) traded 4% higher against the dollar and now trades at $18.32 or 0.00220747 BTC.
- ZClassic (ZCL) traded up 1.9% against the dollar and now trades at $6.09 or 0.00073403 BTC.
- Zero (ZER) traded 29.8% higher against the dollar and now trades at $1.38 or 0.00016627 BTC.
- Bitcoin Private (BTCP) traded 16.6% higher against the dollar and now trades at $32.48 or 0.00391300 BTC.
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 purchased on the following cryptocurrency exchanges: Bitlish, C-CEX, BTC-Alpha, CoinExchange, Qryptos, Abucoins, Cryptopia, Upbit, Tux Exchange, BX Thailand, YoBit, BCEX, Altcoin Trader, Huobi, Allcoin, Gate.io, Lbank, Bit-Z, Exmo, The Rock Trading, LocalTrade, BigONE, Kraken, Mercatox, Coinroom, Binance, Bitfinex, Waves Decentralized Exchange, Bittrex, CoinEx, Coinrail, OKEx, HitBTC, Trade Satoshi, Bithumb, WEX, LiteBit.eu, Exrates, CEX.IO, GOPAX, Cryptomate and Poloniex. It is not possible to purchase Zcash directly using U.S. dollars. Investors seeking to acquire Zcash must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.
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