Zcash price: $194.368 USD (5.85%) | ZEC price | Zcash live price chart | Zcash price today, exchanges, market capital, circulating supply, values, Zcash current price, latest price, current updated price, Zcash (ZEC) rate, Zcash (ZEC) value, ZEC/USD, ZEC/BTC. price today

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Zcash (ZEC) Price

$194.368 0.0261822 BTC | 5.85%
1 hour -0.63%
24 hours 5.85%
7 days 11.64%
Market Cap
$856,054,000
Volume (24h)
$40,702,800
Add To Portfolio Add To Favourite
Circulating Supply
4,404,290 ZEC
Total Supply
4,404,290 ZEC
Max Supply
-- ZEC

The Zcash (ZEC) price is $194.368. It has a current circulating supply of 4,404,290 ZEC coins and a Market Cap of $856,054,000. Zcash (ZEC)'s price is up by (5.85%) today. $40,702,800 worth of Zcash (ZEC) has been traded in the past 24 hours. You can follow Zcash (ZEC)'s progress by adding it to your favourites and creating a free portfolio if you wish.

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Algorithm Equihash
Start Date N/A
Chat
BlockRR. N/A
Network H/s 364011065
Mineable No
Token No
Website
Explorer Explorer
Proof Type PoW
Twitter N/A
DifficultyAdj. N/A
BlockNo. 255445
Block Reward 10
Coin No
Wallet Wallet Wallet
Message Board

Introduction

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/

Features

Privacy Enhanced

A decentralized and open-source cryptocurrency that provides strong privacy protections. If Bitcoin is like http for money, Zcash is https—a secure transport layer.

 

Technology

zk-SNARKs

The Basic

Zcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs.

The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier.

“Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.

 

Application to ZCASH

In order to have zero-knowledge privacy in Zcash, the function determining the validity of a transaction according to the network’s consensus rules must return the answer of whether the transaction is valid or not, without revealing any of the information it performed the calculations on. This is done by encoding some of the network's consensus rules in zk-SNARKs. At a high level, zk-SNARKs work by first turning what you want to prove into an equivalent form about knowing a solution to some algebraic equations. In the following section, we give a brief overview of how the rules for determining a valid transaction get transformed into equations that can then be evaluated on a candidate solution without revealing any sensitive information to the parties verifying the equations.

Zcash Trading Data

Zcash Price USD Market Cap Circulating Supply Maximum Supply Volume (24h) %(1h) %(24h) %(7d)
$194.368 $856,054,000 4,404,290 ZEC - $40,702,800 -0.63% 5.85% 11.64%