|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, November 30, 2020 1:00:02AM UTC|
|Crypto Volatility Index (CVIX):||63|
|Current price, USD:||76.40|
|Market capitalization, USD:||808 454 356|
|Available supply:||10 582 188 ZEC|
|Volume 24 hours, USD:||511 647 881|
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 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.
Zcash transactions can either be transparent or shielded through a zero-knowledge proof called zk-SNARKs. This allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publishing spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is being dishonest.
Shielded Zcash transactions are completely private.
Like Bitcoin, Zcash transaction data is posted to a public blockchain; but unlike Bitcoin, Zcash ensures your personal and transaction data remain completely confidential. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount. Selective disclosure features within Zcash allow a user to share some transaction details, for purposes of compliance or audit.
Zcash also allows for transparent transactions, to accommodate for wallets and exchanges that don’t support private transactions.
We list daily Zcash historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 21||63.14||63.07||70.35||740 410 915|
|Nov 22||70.81||65.99||70.81||743 330 932|
|Nov 23||68.55||68.16||79.83||841 302 144|
|Nov 24||79.27||78.20||89.10||902 305 247|
|Nov 25||86.17||77.55||86.17||818 424 238|
|Nov 26||78.74||65.16||79.10||741 178 757|
|Nov 27||69.74||66.93||71.10||726 898 576|
|Nov 28||68.56||68.56||73.68||774 766 183|
|Nov 29||74.05||72.14||75.26||784 683 694|
|Nov 30||74.58||74.58||76.40||808 454 356|
|ZEC price change 24 hours||3.28%|
|ZEC price change 7 days||11.24%|
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...
Jed June 2, 2020 ZEC
I have no doubt that in a few years, ZCash, and some other privacy coins, will remain the only haven for true cryptopunks like me. The global governments are already laying their greasy hands on many non-privacy crypto solutions while bashing...
Mexican Ninja April 3, 2020 ZEC
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...
Marie April 19, 2019 ZEC
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...
Jim March 27, 2019 ZEC
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...
Marie March 9, 2019 ZEC
We publish the most accurate Zcash Forecasts and News including crypto industry experts' opinion on a daily basis