Zcash

#22
Price: $246.102
Change(24h):
-7.52%
Volume(24h): $62,471,600
Market Cap: $987,664,237
Zcash is a cryptocurrency from Colorado, USA, which emerged from the Zerocoin project. The Zerocoin Electric Coin Company was founded in 2015 by Zooko Wilcox-O'Hearn. A year later, the venture rebranded itself to the Zcash Company and reaffirmed its goals – high-speed transactions and privacy. The coin offers complete payment anonymity, while still maintaining a decentralized network using a public blockchain. Zcash has a total supply of 21 million coins, like Bitcoin, and is mined through a Proof-of-Work Equihash algorithm.

Crypto Coin Index:

Top 30 CryptoCoin INDEX

Minable: Yes

Coin Prefix: ZEC

Type: Coin

Websites:

Latest Hight: $372.12

Zcash Markets

# Source: Pair: Price:
1
Binance
ZEC/BTC
$368.02474944
2
Bithumb
ZEC/KRW
$530.329782122197
3
Bitfinex
ZEC/BTC
$367.30389072
4
Huobi
ZEC/USDT
$365.8758458
5
Huobi
ZEC/BTC
$368.37638784
6
Poloniex
ZEC/BTC
$367.3742184
7
Binance
ZEC/ETH
$367.66664652
8
Bittrex
ZEC/BTC
$366.2298991368
9
HitBTC
ZEC/BTC
$368.2972692
10
Poloniex
ZEC/USDT
$364.315565

Zcash Price & Project Info

Zcash is an Equihash-based cryptocurrency that came out from the Zerocoin project. And Zerocoin Electric Coin Company, later known as Zcash Company, is the venture behind the 26th largest digital currency in the world as of February 2018.

When it was introduced on 28 October 2016, ZEC's price initially rose to more than USD 2 million (in Bitcoins!1?2) per coin, but only two days later it fell below the price of Bitcoin, which was around USD 600 at the time). The reason for that spike was considered to be the incredibly low supply and higher than expected demand. Data shows that ZEC opened at ~USD 6000 on 29 October 2016 and closed at ~USD 2000 the same day.) After closing 2016 at around USD 50, Zcash gained some ground back in 2017, ending the year at USD 500, gaining 900% for the 12-month period.

 
  • Type: Altcoin
  • Launch Date: October 2016
  • Based In: Colorado, USA
  • Founder: Zooko Wilcox
 

What Is so Unique about Zcash

Bitcoin’s public ledger of all transactions has the weakness that all transactions can easily be traced, while with Zcash’s Equihash technology the spender or receiver can choose to keep their payment entirely secret. Zcash’s developers say they have used advanced cryptography to create a virtual currency that can be sent around the world essentially without a trace.

Zcash has a public blockchain to show transactions, but hides the amount, sender and recipient addresses from all except those who hold the "view key".

Like bitcoin, ZEC can be created by ‘mining’ computers that compete to solve mathematical problems. But unlike bitcoin and other attempts to create an alternative cryptocurrency or ‘altcoins’, the project is a for-profit. For its first four years, a portion of every mined coin will go directly to the Zcash company. That strategy, according to Wilcox, was designed to raise money to repay Zcash's initial investors.

 

How to Retrieve It

If you just want to buy ZEC for trading, you can get it online from an exchange. To start mining the coin is also an option. But before getting some cryptocurrency, you should have a place to store it. Here is the official Zcash wallet.

 

Wrapping It Up

Despite the great 2017 for the cryptocurrency market, Zcash couldn’t reach its all-time high. As of 21 February, Zcash’s price is more than 1300% higher than it was at the same time last year. But to beat its peak, ZEC would have to rise another 1400%.