|Brief||ZCash appeared on the market in the fall of 2016. It stands out among other crypto currencies as the first coin created on the basis of a new zero-knowledge proof protocol also known as zk-SNARK protocol.|
|Last updated:||Monday, August 19, 2019 3:58:05PM UTC|
|Current price, USD:||54.012|
|Current price, BTC:||0.0050574|
|Market capitalization, USD:||390 295 123|
|Available supply:||7 226 094 ZEC|
|Volume 24 hours, USD:||117 434 583|
General ZEC facts, technical details and general information about Zcash crypto currency
ZCash appeared on the market in the fall of 2016. It stands out among other crypto currencies as the first coin created on the basis of a new zero-knowledge proof protocol also known as zk-SNARK protocol. The uniqueness of this protocol lies in the ability to confirm the reliability of information without disclosing data about the parties to the transaction and its amount (the only information disclosed is the fact of transaction itself). Such an algorithm allows us to talk about the truly absolute anonymity of this payment system.
The base for creating this digital currency was laid for 3 years before its presentation, as early as 2013. The development of ZCash (ZEC) involved a whole team of cryptographers from the world's most famous universities; they are still cooperating with the company, and their work is paid by a percentage of the income of the miners.
A full-scale software for mining ZEC coins was issued in October 2016. To install it, one needs to have Linux as operating system, and random-access memory of at least 4GB.
We list daily Zcash historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Aug 10||59.075||56.085||59.213||406 605 038|
|Aug 11||57.524||57.524||60.275||429 882 940|
|Aug 12||59.537||56.763||59.537||407 614 330|
|Aug 13||56.829||55.051||57.069||397 487 213|
|Aug 14||55.051||50.44||56.08||362 794 969|
|Aug 15||50.739||48.587||51.062||365 702 131|
|Aug 16||50.896||48.886||51.068||352 338 647|
|Aug 17||49.281||47.903||50.094||361 385 513|
|Aug 18||50.740||50.557||53.33||381 394 815|
|Aug 19||52.661||52||54.531||390 295 123|
|ZEC price change 24 hours||1.63%|
|ZEC price change 7 days||-6.13%|
ZEC lost its momentum after the market stopped caring about Anon coins. This was such a popular topic and then suddenly everyone didn’t care anymore. Could it be because everyone wants banks to join the party? Definitely. No one wants to invest in privacy coins because they aren’t going to get any love from institutional investors. The only people that are going to buy ZEC is someone on the black market that wants to buy something illegal. This will be on the only liquidity for ZEC, which is large, but not enough to create a bull market. Until there’s a clear reason why people should buy ZEC over BTC this coin is useless.
ZEC and all the other anon currencies are beginning to lose their luster. Everyone is rooting for the big banks and corporations to adopt their currency. Before the trend of crypto and blockchain everyone wanted their coins to be anonymous because banks were the enemy. Now, everyone goes wild when a bank even mentions bitcoin or ripple. It’s really the antithesis of what Satoshi had hoped for when he released the first ever BTC block. He embedded the headline about a bank bailout in the genesis block…. He would roll in his grave if he saw what was going on with his currency now. Everyone needs to take a few steps back and recognize that the banks are gaining the upper hand, and they’re using our greed to fool us once again.
Zcash is about to undergo another big hard fork. It's called Overwinter and this is a big catalyst to net a comfortable profit on a coin that otherwise has been fairly lackluster. I think jumping into coins when they announce that they will either have a hard fork or big meet up is the perfect time to do so. I expect to net atleast 10-20% between now and the upcoming date. It's always buy the rumor sell the news, and this is exactly what you should do too.
There's other privacy coins that I trust moving funds around in more than ZEC. The reason is because ZEC allows public transactions and this will allow blokchain analysis groups to eventually track and trace my movements. zk-SNARKs is the best privacy tech around, but ZEC ruined it, especially ever since they teamed up with coinbase. Coinbase won't even allow users to send or receive OUR money on a z address. We can't even anonymously send our money and so what's even the point of ZEC?
ZEC is going to pull an XMR. It's already listed on Coinbase, Gemini, and other leading digital exchanges. It's a fork of BTC so its supply is super limited. On top of that it supports totally anonymous transactions. It's only a matter of when and not if it's going to blast off from here. We are looking at the bottom of the market, but ZEC has a long way to go up.
We publish the most accurate Zcash Forecasts and News including crypto industry experts' opinion on a daily basis