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Zcash (ZEC) Historical Price & Volume Charts
What is Zcash?
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, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.
Block explorer data from https://explorer.zcha.in/
Genesis Date: 2018-04-10
A decentralized and open-source cryptocurrency that provides strong privacy protections. If Bitcoin is like http for money, Zcash is https—a secure transport layer.
Zcash 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 ZCASH
In 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.
|Mkt. Cap||USD 496,526,041||Volume 24H||USD 430,984,019|
|Mkt. Share||0.20 %||Available Supply||6,573,694|
|Change % (1H)||1.77 %||Max Supply||0|
|Change % (24H)||-0.62 %||Total Supply||6,573,694|
|Change % (7D)||19.20 %||Proof||PoW|
|Algorithm||Equihash||Upated: 8 hours ago|
Zcash Historical Data
Zcash (ZEC) Reviews & Critics
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- zcash is based on trusted set up, thus it's not a crypto currency, merely a digital one. It also looks like a security, because it completely depends on VC promotion. VC and Zooko collect taxes from the miners, which shows it's main purpose is to generate profit.
- Awesome video!
- mining zcash is not profitable anymore .. ...iam a miner and i dont know if i should continu mining the zcash ??
- Its an asic coin now for the last few months and has lost a lot of users/miners cause of it i'm one of them along with the group i was with. Soon the asics won't make money do to the difficulty rising, its almost doubling every month since the asic inclusion.