Zcash
ZEC543 (+3.68%)
Performance & facts
| Zcash price: | 543.41 | #8 | |
| Price change 1 hour: | +4.36% | #6 | |
| Price change 24 hours: | +3.68% | #120 | |
| Price change 7 days: | +13.34% | #17 | |
| Price change 30 days: | +16.4% | #22 | |
| 24 hour volume: | 244.8m | #6 | |
| 24 hour range: | 505 - 549 | ||
| 52 week range: | 30.24 - 735 | ||
| Maximum supply: | 21m ZEC | ||
| Fully diluted market cap: | 11.4b | ||
About Zcash
Zcash is a cryptocurrency developed by Zerocoin Electric Coin Company as alternative to cryptocurrencies like Bitcoin. Zcash offers greater confidentiality of transactions and user's balances through the use of zero-knowledge cryptography. By using encryption technique called "zk-SNARKS", it enables complete privacy when making and receiving payments.
Zcash has faster block time than Bitcoin - less than 2 minutes instead of 10 minutes. This makes for faster transactions and potentially higher transaction throughput.
Zcash also has different proof-of-work algorithm, called "Scrypt", which, before arrival of specialized Scrypt ASIC miners, made mining more decentralized and Zcash network more censorship resistant.
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