Zcash Trading 0.1% Higher Over Last Week (ZEC)

Zcash (ZEC) traded down 0.3% against the U.S. dollar during the 1 day period ending at 17:00 PM E.T. on October 18th. Zcash has a total market cap of $585.93 million and approximately $71.28 million worth of Zcash was traded on exchanges in the last day. In the last seven days, Zcash has traded up 0.1% against the U.S. dollar. One Zcash coin can now be purchased for $35.88 or 0.00052431 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded 1.8% higher against the dollar and now trades at $23.92 or 0.00034943 BTC.
• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $8.06 or 0.00011783 BTC.
• Komodo (KMD) traded up 2.3% against the dollar and now trades at $0.25 or 0.00000372 BTC.
• Pirate Chain (ARRR) traded 4.7% higher against the dollar and now trades at $0.18 or 0.00000257 BTC.
• ZClassic (ZCL) traded down 2.1% against the dollar and now trades at $0.0524 or 0.00000077 BTC.

Zcash Coin Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash.

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

ZEC/USD price chart by TradingView