Zcash Hits Market Capitalization of $431.53 Million (ZEC)

Zcash (ZEC) traded 1.5% lower against the U.S. dollar during the 24 hour period ending at 16:00 PM E.T. on May 26th. In the last seven days, Zcash has traded 13.7% higher against the U.S. dollar. One Zcash coin can now be purchased for approximately $26.43 or 0.00038474 BTC on popular cryptocurrency exchanges. Zcash has a total market capitalization of $431.53 million and approximately $14.91 million worth of Zcash was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • Bitcoin Gold (BTG) traded 1.7% lower against the dollar and now trades at $35.93 or 0.00052302 BTC.
  • Horizen (ZEN) traded down 1.5% against the dollar and now trades at $9.38 or 0.00013652 BTC.
  • Komodo (KMD) traded 4.4% higher against the dollar and now trades at $0.40 or 0.00000580 BTC.
  • Pirate Chain (ARRR) traded 1.9% lower against the dollar and now trades at $0.26 or 0.00000378 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded 0% lower against the dollar and now trades at $0.0620 or 0.00000090 BTC.

Zcash Profile

Zcash 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 website is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

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 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

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