ZCash (ZEC)

Curr. Value 24 Hr. Change ($) 24 Hr. Change (%)
USD 33.18000000 0.06000000 0.18
BTC 0.00487100 0.00006700 1.38
EUR 30.60000000 -0.10000000 -0.33
GBP 26.88862500 0.10862500 0.4
JPY 3586.18391100 2.69391100 0.08
Property Value
Last Updated 2020-04-05 02:53:11
Market Cap. $ 321,784,000
Volume 24h $ 567,000
Open 24h $ 32.31
Low/High 24h $ 32.22 - $ 33.66
ZCash Market Analysis

The ZCash price is sitting at $ 33.18, representing a gain of 0.18 % in the last 24 hours.

A week ago, ZEC was valued at $ 28.46 , showing a gain of 14.23 % since that time.

30 days ago, ZEC was valued at $ 53.37 , showing a loss of -60.85 %.

More than $0.57 M worth of ZEC were exchanged in the ZEC/USD market over the last 24 hours.


ZCash (ZEC) Recent Trades

Source: CryptoCompare
Currently streaming from:
Market Type ID Price Quantity Total
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ZCash (ZEC) Social Media Activity

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Following 0
Favorites 0
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ZCash Historical Prices

Date Price (USD) Change
Rank Max Supply Algorithm Proof Type Start Date Difficulty Adjustment
9 21000000 Equihash PoW 28/10/2016
Block Reward Reduction Block Number Network H/s Current Supply Block Reward Block Time
50% 785864 5189252346 9698306.25 10 150

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, receiver, amount) 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/

ZCash Mining Profitability
Profit Per Hour
$0.00
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ZEC 0.00
Pool Cost/Hour
$ 0.00
Power Cost/Hour
$ 0.00
Profit Per Day
$0.00
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$ 0.00
Power Cost/Day
$ 0.00
Profit Per Week
$0.00
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ZEC 0.00
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$ 0.00
Power Cost/Week
$ 0.00
Profit Per Month
$0.00
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ZEC 0.00
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$ 0.00
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$ 0.00
Profit Per Year
$0.00
Mined/Yesr
ZEC 0.00
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$ 0.00
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$ 0.00
Hardware costs will
be paid off in:

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.

 

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.