Zcash
ZcashRank: # 10
Market Cap: $ 23,016,335,971
Volume (24hrs): $ 2,569,436,992
Circulating Supply: 16,933,760 ZEC
Price in BTC: Ƀ 0.01777390
Change (1 Hr): -0.40%
Change (7 Days): 9.50%
Change (30 Days): 166.30%
All Time High: $ 3,191.93
All Time High Date: October 28, 2016
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Zcash Coverter:
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- CLARITY Act could get another shot during lame-duck session, policy advocate saysCointelegraph.com News - 11 hours agoDigital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the…
- Here’s what happened in crypto todayCointelegraph.com News - 12 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and…
- UK FCA sets crypto authorization guidance ahead of September application windowCointelegraph.com News - 12 hours agoThe FCA’s new guidance outlines which crypto activities may require authorization as firms prepare for the UK’s incoming digital asset regulatory regime.The UK Financial Conduct…
- US House tax committee advances crypto tax overhaul in 38–5 voteCointelegraph.com News - 13 hours agoA bipartisan House committee vote advanced legislation that would reshape federal tax rules for stablecoins, staking, crypto lending and digital asset transactions. The US House…
- Anchorage expands institutional custody to Etherlink, tokenized uraniumCointelegraph.com News - 15 hours agoAnchorage Digital Bank added custody support for Etherlink and several Etherlink-based assets, including xU3O8, a token representing physical uranium.Anchorage Digital Bank, the first federally chartered…
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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