Zcash
ZcashRank: # 16
Market Cap: $ 8,940,277,726
Volume (24hrs): $ 766,687,303
Circulating Supply: 16,688,225 ZEC
Price in BTC: Ƀ 0.00666009
Change (1 Hr): -0.24%
Change (7 Days): -5.75%
Change (30 Days): 52.58%
All Time High: $ 3,191.93
All Time High Date: October 29, 2016
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- Gemini reports 42% revenue growth after expansion into financial servicesCointelegraph.com News - 5 hours agoGemini credit card revenue surged nearly 300% to $14.7 million in Q1, attributed to significant growth in its user base. Crypto company Gemini reported a…
- Crypto data company Dune cuts 25% of staff in restructuringCointelegraph.com News - 5 hours agoDune co-founder and CEO Fredrik Haga says the company’s staff cuts come as it shifts focus and is “all-in” on AI and institutional interest in…
- Strive rallies 5.8% as it clears debt in Q1, unveils daily dividendsCointelegraph.com News - 7 hours agoStrive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw…
- UK politician Nigel Farage bought $1.8M house after a $6.7M crypto giftCointelegraph.com News - 11 hours agoThe news follows growing calls from UK lawmakers and government officials to curb or temporarily ban crypto political donations in the country.United Kingdom politician Nigel…
- Dartmouth endowment invests in Solana ETF, holds $14M in crypto exposureCointelegraph.com News - 11 hours agoThe unversity’s endowment disclosed holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF.The $9 billion endowment of Ivy…
What is Zcash?
Zcash (ZEC) is a coin running on the Zcash blockchain. The main purpose of Zcash is to protect the privacy of its users. Zcash implements the "Zerocash" protocol which offers a high level of privacy. Using the Bitcoin's core code, Zcash implements the decentralized-anonymous-payment scheme. Although transactions are recorded on the blockchain, zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs) protocol hide all information about the sender, receiver and amount of transaction. To verify a transactions, a "Zero-knowledge proof" protocol is used. Verification take place without revealing the sender or receiver and transaction size. These three pieces of information are recorded in an encrypted form on the blockchain and are not publicly accessible.
Zcash was founded by Zooko Wilcox, who is also the present CEO. He is known for his contribution to Digicash, ZRTP and SPHINCS. The team consists of 31 members and 6 advisors including Gavin Anderson and Vitalik Buterin. There are 4 members providing outside councilling for this project.
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