Zcash (ZEC) Trading 0.9% Higher Over Last Week

Zcash (ZEC) traded down 1.8% against the dollar during the one day period ending at 7:00 AM ET on May 19th. Over the last week, Zcash has traded up 0.9% against the dollar. One Zcash coin can currently be purchased for approximately $23.19 or 0.00034513 BTC on exchanges. Zcash has a total market cap of $378.60 million and approximately $43.17 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Bitcoin Gold (BTG) traded 1.6% lower against the dollar and now trades at $37.37 or 0.00055624 BTC.
  • Horizen (ZEN) traded down 2% against the dollar and now trades at $8.39 or 0.00012490 BTC.
  • Pirate Chain (ARRR) traded 2.9% lower against the dollar and now trades at $0.29 or 0.00000435 BTC.
  • Komodo (KMD) traded down 0.7% against the dollar and now trades at $0.41 or 0.00000613 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0607 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 Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed 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.”

Zcash Coin Trading

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

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