Zcash (ZEC) 1-Day Volume Reaches $746.98 Million

Zcash (ZEC) traded up 1.9% against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on September 1st. Zcash has a total market cap of $14.45 billion and $746.98 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for approximately $857.57 or 0.01099581 BTC on exchanges. During the last seven days, Zcash has traded up 2.9% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 2% higher against the dollar and now trades at $5.71 or 0.00007317 BTC.
• Pirate Chain (ARRR) traded 0.3% lower against the dollar and now trades at $0.18 or 0.00000234 BTC.
• Bitcoin Gold (BTG) traded 31.4% lower against the dollar and now trades at $0.34 or 0.00000430 BTC.
• ZClassic (ZCL) traded 0.4% lower against the dollar and now trades at $0.21 or 0.00000264 BTC.
• Komodo (KMD) traded 90.1% lower against the dollar and now trades at $0.0086 or 0.00000011 BTC.

Zcash Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,848,281 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash.

According to CryptoCompare, “Zcash (ZEC) is the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Zcash Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView