#67. Zcash (ZEC)
Price of 1 Zcash (ZEC) = $192.12 AUD
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private. Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them. How Zcash works Zcash encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity. Zcash uses a zero-knowledge proof construction called a zk-SNARK, developed by our team of experienced cryptographers based on recent breakthroughs in cryptography. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing. Zcash also enables users to send public payments which work similarly to Bitcoin. With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value. Check out CoinBureau for guide on What is ZCash.
ZEC Price Analysis
The price of ZEC has gone down -0.15% in the past 24 hours.
Zcash (ZEC) is a cryptocurrency. Users are able to generate ZEC through the process of mining. Zcash has a current supply of 10,095,525. The last known price of Zcash is $53.65 USD and is up 1.52% over the last 24 hours. It is currently trading on 249 active market(s) with $262,868,056.294 traded over the last 24 hours. More information can be found at https://z.cash/.
Information & prices last updated 33 seconds ago. For latest Zcash prices and information visit swyftx.com.au
Evolve or die: How smart contracts are shifting the crypto sectors balance of power
1 day ago by Cointelegraph
Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset
1 week ago by Bitcoin News
Top 3 Coins To Watch Today: MANA, VET, ZEC – August 26 Trading Analysis
3 weeks ago by Malik Junaid
Many Non profit Organizations presently accepting crypto donations for helping Afghanistan
4 weeks ago by BTC Wires
Helping Afghanistan: organizations currently accepting crypto donations
4 weeks ago by Cointelegraph
Former Zcash Developer to Lead Twitter's Decentralized Social Media Project Bluesky
1 month ago by Bitcoin News
ZCash Founder Wants to Reduce Carbon Footprint with Proof of Stake
1 month ago by Ibiam Wayas
Information and prices shared on this web page may not be assumed as correct, nor used as financial advice. Please do your own research before investing. And you can help us keep this up-to-date report outdated information to us. Thank you.