Zcash
ZEC1264 (+9.56%)
Performance & facts
| Zcash price: | 1263.71 | #7 | |
| Price change 1 hour: | -0.9% | #122 | |
| Price change 24 hours: | +9.56% | #10 | |
| Price change 7 days: | +3.22% | #25 | |
| Price change 30 days: | -16.69% | #210 | |
| 24 hour volume: | 491.4m | #7 | |
| 24 hour range: | 1125 - 1273 | ||
| 52 week range: | 194 - 1682 | ||
| Maximum supply: | 21m ZEC | ||
| Fully diluted market cap: | 26.5b | ||
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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