Zcash: Privacy-focused cryptocurrency with zero-knowledge cryptography.
Zcash, derived from Zerocoin, enhances Bitcoin anonymity using zk-SNARKs for private transactions, with a 21 million unit supply.
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What is Zcash (ZEC)?
Zcash is a digital currency that originated from the Zerocoin project, which aimed to enhance privacy for Bitcoin users. The Zerocoin protocol was later refined and evolved into Zerocash, resulting in the creation of Zcash in 2016. Zcash employs advanced cryptography called zk-SNARKs to encrypt the details of shielded transactions, ensuring the privacy of the sender, receiver, and transaction amount. Like Bitcoin, Zcash has a capped supply of 21 million coins. The company is led by CEO Zooko Wilcox-O'Hearn, with cryptographer Matthew D. Green from Johns Hopkins University as part of the founding team. Investor Roger Ver was among Zcash's early backers.
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Zcash price live information
As of now, Zcash is trading at 264.689 USD, with a 24-hour trading volume of approximately 57.54M USD. The ZEC to USD price is updated in real time. Over the past 24 hours, Zcash has increased by 18.45%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 4.21B USD. Currently, there are 15 886 821 ZEC in circulation out of a maximum supply of 15 905 531 ZEC.
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