Cryptocurrencies: 20507
Markets: 77950
Market Cap: $2,527,218,128,466     
24h Vol: $73,188,869,261
1 ZCash (ZEC) Rank 176
$27.279729
ZCash (ZEC) Rank 176
Website Reddit Twitter
16,328,269 ZEC

ZCash (ZEC)

ZCash (ZEC)

ZEC

ZCash (ZEC) Price
$27.28

ZCash (ZEC) 24h Vol
$48,873,216

ZCash (ZEC) Market Cap
$445,430,751

ZCash (ZEC) Circulating
16,328,269

Full Name
ZCash (ZEC)
Symbol
ZEC
Algorithm
Equihash
BTC Price
0.00040286 BTC
BTC Market
6,578 BTC
BTC 24h Vol
722 BTC
Total Coins Mined
16,328,269 ZEC
1h
-0.65 %
24h
0.38 %
7d
-9.41 %
Charts

ZCash (ZEC)
ZCash (ZEC)

Description

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/

Full Name ZCash (ZEC)
Start Date N/A
Algorithm Equihash
Proof Type PoW
Website z.cash/
Twitter @zcashco
Facebook N/A
Reddit www.reddit.com/r/zec/
Block Number 583126
Block Time 150
Block Reward 10
Total Coins Mined 16,328,269 ZEC
Previous Total Coins Mined N/A
Net Hashes Per Second 4,432,770,737.00 H/s
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.

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.

 

ZCash (ZEC) News
Grayscale Launches New Privacy-Focused ETF Featuring Zcash

Grayscale Launches New Privacy-Focused ETF Featuring Zcash

Spot Bitcoin ETFs see first net outflows since launch. Zcash (ZEC) surges following Grayscale's ETF announcement.Continue Reading:Grayscale Launches New Privacy-Focused ETF Featuring Zcash

access time image 02-22-2024 15:43

Zcash’s Lead Developer Steps Down as CEO

Zcash’s Lead Developer Steps Down as CEO

Zcash creator Zooko Wilcox resigns as CEO. Josh Swihart to take over strategic decisions.Continue Reading: Zcash’s Lead Developer Steps Down as CEO

access time image 12-19-2023 00:33

Dubai Forbids Operations With Monero, Zcash, and Other Privacy Coins

Dubai Forbids Operations With Monero, Zcash, and Other Privacy Coins

The new regulations imposed by Dubai's VARA disallowed the employment of privacy coins, such as XMR and ZEC.

access time image 02-08-2023 13:50

Dubai Prohibits Privacy Coins Like Zcash and Monero Under New Crypto Rules

Dubai Prohibits Privacy Coins Like Zcash and Monero Under New Crypto Rules

The issuance of anonymity-enhancing crypto like Zcash and monero are banned under the Emirate's new regulations for digital assets.

access time image 02-08-2023 10:12

Bitcoin, Binance Coin, Chainlink, and Zcash Daily Price Analyses – 4 December Morning Prediction

Bitcoin, Binance Coin, Chainlink, and Zcash Daily Price Analyses – 4 December Morning Prediction

The global crypto market has continued to face a negative trend as it couldn’t regain momentum. The recent changes for Bitcoin show optimism while other coins haven’t shown any positive stats yet. The negative changes have continued to affect the market. As Bitcoin and some others have turned bullish, there is a chance that the … Bitcoin, Binance Coin, Chainlink, and Zcash Daily Price Analyses – 4 December Morning Prediction Read More »

access time image 12-04-2022 13:46

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