Coin Information - Zcash - ZEC



ZEC
Zcash

Market Capitalization
USD 291,412,860
24hr Volume (Global)
103,079,661.856
Circulating Supply
5,440,606
Current Price
USD 53.5625712798
Date (UTC)
2018-12-13 12:18:53
ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible.
ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.