Zcash Reaches Market Capitalization of $382.27 Million (ZEC)

Zcash (ZEC) traded 0.7% lower against the dollar during the twenty-four hour period ending at 14:00 PM E.T. on May 19th. Over the last seven days, Zcash has traded 1.3% higher against the dollar. Zcash has a total market cap of $382.27 million and approximately $46.71 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for about $23.41 or 0.00035086 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Bitcoin Gold (BTG) traded down 1.7% against the dollar and now trades at $36.52 or 0.00054729 BTC.
  • Horizen (ZEN) traded 3.1% lower against the dollar and now trades at $8.29 or 0.00012420 BTC.
  • Pirate Chain (ARRR) traded down 12.8% against the dollar and now trades at $0.28 or 0.00000425 BTC.
  • Komodo (KMD) traded 0.4% higher against the dollar and now trades at $0.40 or 0.00000606 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 0.3% against the dollar and now trades at $0.0599 or 0.00000090 BTC.

Zcash Coin Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.

According to CryptoCompare, “ZCash (ZEC) is a digital currency and decentralized open-source cryptocurrency, launched in 2016. It provides users with enhanced privacy and selective transparency of transactions. ZCash is based on the zero-knowledge proof protocol known as zk-SNARKs. This protocol allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Transactions can be audited, verified and tracked without revealing the sender, receiver or transaction amount. ZEC is an inflationary currency, with a maximum supply of 21 million coins. It is accepted by a growing number of merchants, exchanges and other services.”

Buying and Selling Zcash

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

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