Cryptocurrencies: 23580
Markets: 87541
Market Cap: $2,462,068,391,601     
24h Vol: $192,020,616,365
1 ZCash (ZEC) Rank 107
$38.695875
ZCash (ZEC) Rank 107
Website Reddit Twitter
16,328,269 ZEC

ZCash (ZEC)

ZCash (ZEC)

ZEC

ZCash (ZEC) Price
$38.70

ZCash (ZEC) 24h Vol
$86,896,200

ZCash (ZEC) Market Cap
$631,836,647

ZCash (ZEC) Circulating
16,328,269

Full Name
ZCash (ZEC)
Symbol
ZEC
Algorithm
Equihash
BTC Price
0.00052363 BTC
BTC Market
8,550 BTC
BTC 24h Vol
1,176 BTC
Total Coins Mined
16,328,269 ZEC
1h
-0.38 %
24h
3.74 %
7d
1.1 %
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
Zcash Reaches New Annual Peak Before Pullback

Zcash Reaches New Annual Peak Before Pullback

Zcash reached a new annual peak on August 12. Speculation about a transition to Proof-of-Stake drives the price increase. Continue Reading:Zcash Reaches New Annual Peak Before Pullback The post Zcash Reaches New Annual Peak Before Pullback appeared first on COINTURK NEWS.

access time image 08-15-2024 18:11

Zcash Price Reaches New Annual High

Zcash Price Reaches New Annual High

Zcash price reached a new annual high of $45.45 on August 12. Speculation about a transition to PoS is driving the recent price increase. Continue Reading:Zcash Price Reaches New Annual High The post Zcash Price Reaches New Annual High appeared first on COINTURK NEWS.

access time image 08-15-2024 18:11

Zcash Reaches New Annual High

Zcash Reaches New Annual High

Zcash reached a new annual high of $45.45 on August 12. Speculation about a transition to Proof-of-Stake drives the recent price increase. Continue Reading:Zcash Reaches New Annual High The post Zcash Reaches New Annual High appeared first on COINTURK NEWS.

access time image 08-15-2024 18:11

Zcash Reaches New Annual High Before Pullback

Zcash Reaches New Annual High Before Pullback

Zcash price reached a new annual high on August 12. Speculation about transitioning to PoS drives the recent price increase. Continue Reading:Zcash Reaches New Annual High Before Pullback The post Zcash Reaches New Annual High Before Pullback appeared first on COINTURK NEWS.

access time image 08-15-2024 18:11

Zcash Gains 90% Value in 30 Days

Zcash Gains 90% Value in 30 Days

Zcash gained 90% in value in 30 days. Trading volume dropped significantly, raising sustainability concerns. Continue Reading:Zcash Gains 90% Value in 30 Days The post Zcash Gains 90% Value in 30 Days appeared first on COINTURK NEWS.

access time image 08-11-2024 17:08

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