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Zcash Price, News and Analysis (ZEC)

Zcash logo
-0.53 (-0.90%)
(As of 10/31/2020 03:59 PM ET)
1-Hour Price Change -0.20%
1-Day Price Change -0.90%
7-Day Price Change -8.57%
1-Day Volume$374.52 million
Market Cap$606.30 million
BTC Price0.00424170 BTC
Circulating Supply10.37 million
Total Supply10.37 million
Maximum Supply21.00 million

About Zcash (ZEC)

Currency Details

Name Zcash
Market Capitalization$606.30 million
Coin or TokenCoin
Proof TypePoW
Genesis Date10/28/2016
Number of Exchanges54

Official Links

Official Websitez.cash
Official Website (Alt)N/A
BitcoinTalk AnnouncementView
Twitter Account@zcashco
Facebook PageView
Github AccountView

Buy/Trade Zcash

Community Discussion

Reddit CommunityN/A
Telegram GroupN/A
Discord GroupN/A
Message Boardforum.z.cash
Message Board (Alt)N/A

Research Tools

Blockchain Explorerexplorer.zcha.in
Blockchain Explorer (Alt)zchain.online

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Zcash (ZEC) Frequently Asked Questions

What is Zcash?

zk-SNARKsThe BasicZcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs. The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier. “Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.   Application to ZCASHIn order to have zero-knowledge privacy in Zcash, the function determining the validity of a transaction according to the network’s consensus rules must return the answer of whether the transaction is valid or not, without revealing any of the information it performed the calculations on. This is done by encoding some of the network's consensus rules in zk-SNARKs. At a high level, zk-SNARKs work by first turning what you want to prove into an equivalent form about knowing a solution to some algebraic equations. In the following section, we give a brief overview of how the rules for determining a valid transaction get transformed into equations that can then be evaluated on a candidate solution without revealing any sensitive information to the parties verifying the equations. (Description provided by CryptoCompare)

What exchanges can I buy or trade Zcash on?

How do I buy Zcash?

It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Zcash.

Where can I get Zcash wallet?

Zcash produces its own wallet software that is available for download on its website, which allows you to store Zcash on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Zcash?

One Zcash (ZEC) is currently worth $58.45 on major cryptocurrency exchanges. You can also exchange one Zcash for 0.00424170 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Zcash in U.S. dollars is $606.30 million.

What hashing algorithm does Zcash use?

Zcash is a proof of work (PoW) coin that uses the Equihash algorithm.

How do I mine Zcash?

Zcash can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Zcash and access to a mining pool that pools your effort with other miners and a wallet to store the Zcash that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What coins are similar to Zcash?

The following coins use Zcash's Equihash algorithm and proof of work (PoW) proof-type: Bitcoin Gold, Horizen, Alchemy Pay, ZClassic, Zero, Bitcoin Private, Hush, BitcoinZ, Bitcoin Interest, VoteCoin, V-Dimension and CrypticCoin.

What is the Reddit page for Zcash?

The official Reddit community (subreddit) for Zcash is N/A.

MarketBeat Community Rating for Zcash (ZEC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  418 (Vote Outperform)
Underperform Votes:  414 (Vote Underperform)
Total Votes:  832
MarketBeat's community ratings are surveys of what our community members think about Zcash and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.


Zcash (ZEC) Price Chart for Saturday, October, 31, 2020

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Google Trends

Zcash (ZEC) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as Zcash. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Zcash Coin" over the last 90 days.

Zcash (ZEC) Social Media Trends


Zcash (ZEC) News Headlines

Litecoin, Zcash, BitTorrent Price Analysis: 31 OctoberLitecoin, Zcash, BitTorrent Price Analysis: 31 October
eng.ambcrypto.com - October 31 at 4:01 PM
Litecoin, Tron, Zcash Price Analysis: 30 OctoberLitecoin, Tron, Zcash Price Analysis: 30 October
eng.ambcrypto.com - October 30 at 5:01 PM
Messari’s Ryan Selkis Reveals Three Cryptos Striving to be the Winning Crypto “Money”Messari’s Ryan Selkis Reveals Three Cryptos Striving to be the Winning Crypto “Money”
zycrypto.com - October 29 at 8:16 PM
Ethereum, Stellar Lumens, Zcash Price Analysis: 29 OctoberEthereum, Stellar Lumens, Zcash Price Analysis: 29 October
eng.ambcrypto.com - October 29 at 8:06 AM
Polkadot, Tezos, Zcash Price Analysis: 28 OctoberPolkadot, Tezos, Zcash Price Analysis: 28 October
eng.ambcrypto.com - October 28 at 7:08 AM
Cardano, Monero, Zcash Price Analysis: 27 OctoberCardano, Monero, Zcash Price Analysis: 27 October
eng.ambcrypto.com - October 27 at 3:09 PM
EOS, BAT, Zcash Price Analysis: 26 OctoberEOS, BAT, Zcash Price Analysis: 26 October
eng.ambcrypto.com - October 26 at 8:01 AM
Tron, Algorand, Zcash Price Analysis: 24 OctoberTron, Algorand, Zcash Price Analysis: 24 October
eng.ambcrypto.com - October 24 at 3:00 PM
Monero (XMR) and ZCash (ZEC) Surge 8% After U.S. Targets EncryptionMonero (XMR) and ZCash (ZEC) Surge 8% After U.S. Targets Encryption
newsbtc.com - October 12 at 5:29 PM
IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning TransactionsIRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions
cointelegraph.com - July 3 at 6:02 AM
Aztec at Its Core: A Solution to Make Ethereum Transactions AnonymousAztec at Its Core: A Solution to Make Ethereum Transactions Anonymous
cointelegraph.com - February 11 at 4:33 AM

Social Media Mentions

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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