Zcash
ZEC838 (+7.11%)
Performance & facts
| Zcash price: | 838.47 | #6 | |
| Price change 1 hour: | +5.45% | #231 | |
| Price change 24 hours: | +7.11% | #20 | |
| Price change 7 days: | +1.33% | #59 | |
| Price change 30 days: | +83.51% | #7 | |
| 24 hour volume: | 359.9m | #6 | |
| 24 hour range: | 757 - 864 | ||
| 52 week range: | 34.35 - 882 | ||
| Maximum supply: | 21m ZEC | ||
| Fully diluted market cap: | 17.6b | ||
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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