Zcash Rank 61
$57.776153
Zcash Rank 61
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14,750,512 ZEC

Zcash
Zcash
ZEC

Zcash Price
$57.78

Zcash 24h Vol
$73,230,454

Zcash Market Cap
$852,227,841

24h Vol
3,635 BTC
1 H
-0.96 %
24 H
8.3 %
7 d
-5.4 %
Today Zcash price in US dollars is currently 57.78 USD, and if converted to Bitcoin is 0.00286774 BTC. A total of 14,750,512 (42,301 BTC) coin's are currently circulating in the Market. Zcash price is currently experiencing a change of 8.3 %, and check here all cryptocurrency. Over the past 24 hours 0.732 M US dollars Zcash have been traded on Crypto Exchanges. Get Zcash's progress by adding it to your favourites and creating a free portfolio if you wish.
Full Name
Zcash
Symbol
ZEC
Algorithm
Equihash
BTC Price
0.00286774 BTC
BTC Market
42,301 BTC
BTC 24h Vol
3,635 BTC
Total Coins Mined
14,750,512 ZEC
1h
-0.96 %
24h
8.3 %
7d
-5.4 %
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Website
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Description

Description


Zcash is a decentralized and open-source cryptocurrency that provides strong privacy protections. Shielded transactions hide the sender, recipient, and value on the blockchain. If Bitcoin is like http for money, Zcash is https—a secure transport layer. For the first 4 years, Zcash's founders get 20% of the block rewards, effectively making 10% of total supply (2.1 million ZEC).
Technology

Technology


zk-SNARKs

The Basic

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.

Features

Features


Privacy Enhanced

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.

 


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