Zcash
ZEC339 (+2.39%)
Performance & facts
| Zcash price: | 338.85 | #10 | |
| Price change 1 hour: | -0.5% | #18 | |
| Price change 24 hours: | +2.39% | #132 | |
| Price change 7 days: | -8.42% | #229 | |
| Price change 30 days: | +37.85% | #15 | |
| 24 hour volume: | 253.4m | #10 | |
| 24 hour range: | 324 - 354 | ||
| 52 week range: | 30.01 - 728 | ||
| Maximum supply: | 21m ZEC | ||
| Fully diluted market cap: | 7.1b | ||
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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