Zcash
| Last updated | 10 hours ago |
| Price per ZEC in USD | $ 413.59960084544 |
| Price per ZEC in Bitcoin | 0 |
| Volume over the last 24 hours | $ 515,077,668 |
| Market cap in USD | $ 6,910,370,603 |
| Change in % over the last hour | -0.44571331 |
| Change in % over the last 24 hours | -5.85203503 |
| Change in % over the last 7 days | 12.99284382 |
ZEC specifications
| Name | Zcash |
| Symbol | ZEC |
| Minable | Yes |
| Algorithm | Equihash |
| Prooftype | PoW |
Coin description
Zcash is a privacy-focused cryptocurrency that offers optional anonymity features through its zk-SNARKs technology. It operates on a proof-of-work consensus mechanism, utilizing the Equihash algorithm to ensure fair mining accessibility. Zcash's transparent and shielded transactions allow users to choose between public and private modes, catering to diverse needs.
Zcash Privacy and Transparency
Zcash's zk-SNARKs technology enables shielded transactions, ensuring that sender, recipient, and amount remain confidential. This feature has made Zcash a popular choice for users prioritizing financial privacy. At the same time, its transparent transaction mode ensures compatibility with existing blockchain infrastructure, making it versatile for different use cases.
One of Zcash's contributions to the blockchain space is its role in advancing zero-knowledge proofs, a cryptographic technique with applications beyond cryptocurrencies. Its commitment to privacy and innovation has attracted interest from both individuals and institutions seeking secure payment solutions. Keywords like Zcash privacy and zk-SNARKs technology are closely tied to this project.