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About ZEC

Zcash (ZEC) is a cryptocurrency launched in 2016. ZEC has a current supply of 16.33M with 16.33M in circulation. The last known price of ZEC is 30.52 USD and is 1.18 over the last 24 hours. It is currently trading on active market(s) with $88.99M traded over the last 24 hours. More information can be found at https://z.cash/.

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ZEC Price Statistics
ZEC’s Price Today
24h Price Change
+$1.184.04%
24h Volume
$88.99M15.67%
24h Low / 24h High
$30.70 / $31.56
Volume / Market Cap
0.178592609027
Market Dominance
0.02%
Market Rank
#164
ZEC Market Cap
Market Cap
$498.28M
Fully Diluted Market Cap
$640.84M
ZEC Price History
7d Low / 7d High
$28.50 / $33.48
All-Time High
$5,941.80Oct 30, 2016
All-Time Low
$18.94Mar 13, 2020
ZEC Supply
Circulating Supply
16.33M
Total Supply
16.33M
Max Supply
21.00M
Updated Mar 02, 2024 6:38 pm
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ZEC
Zcash
$30.52
$1.18(+4.04%)
Mkt Cap $498.28M
There's nothing here for now
Zcash Surges 30% Following Grayscale's Privacy-Centered ETF Filing
Zcash Surges 30% Following Grayscale's Privacy-Centered ETF Filing
According to CryptoPotato, Zcash (ZEC) experienced a 30% weekly increase after Grayscale filed a request for a privacy-centered ETF that tracks companies from that sector, including privacy coins, AI, data security, and more. Grayscale submitted a proposal to the SEC for a unique exchange-traded fund (ETF) focused on privacy and cybersecurity, the Grayscale Privacy ETF (PRVC), as revealed in the Form N-1A filing. The filing specifies that companies must derive more than 50% of their revenues from the outlined sub-themes to be considered for inclusion in the Index. Additionally, they must meet liquidity criteria and have a market capitalization of no less than $250 million, among other conditions. The ETF’s investment strategy, as indicated in the filing, will allocate 10% of its assets to Privacy-Preserving Protocols via the Grayscale Zcash Trust (ZCSH). ZCash operates on a decentralized, open-source network, enabling users to transact without revealing sensitive information, such as transaction parties. Privacy tokens have performed relatively well in the last seven days, with most of them seeing double-digit increases, according to data from CoinMarketCap. ZEC currently ranks fifth among the largest privacy tokens by market capitalization, trailing Oasis Network (ROSE), Worldcoin (WLD), Monero (XMR), and Internet Computer (ICP). Worldcoin has also seen explosive growth this week, surging 75%. The project recently hit a million users shortly after the launch of Sora, a new text-to-video tool that has gained popularity in the art and videography community. However, the scenario for privacy tokens is rife with heavy regulatory scrutiny and controversy, especially for AI-based projects like Worldcoin.
Feb 25, 2024 3:50 pm

Frequently Asked Questions

  • What Is Zcash (ZEC)?

    Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

    Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.

    Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

    Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

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  • Who Are the Founders of Zcash?

    Zcash was founded in 2016 by cypherpunk, computer security expert and entrepreneur Zooko Wilcox-O'Hearn. He is also the founder of the for-profit Electronic Coin Company (ECC), which manages the development of Zcash.

    Wilcox-O’Hearn has spent more than 25 years in the industry of cryptography and information security and has contributed to a number of projects, including the now-defunct electronic money firm DigiCash, peer-to-peer data storing software Mojo Nation and the Tahoe Least-Authority File Store filesystem.

    He also founded Least Authority Enterprises, a technology company focused on improving digital security and preserving the fundamental right to privacy, and co-invented the BLAKE3 cryptographic hash function.

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  • What Makes Zcash Unique?

    Zcash’s main advantage lies in its optional anonymity, which allows for a level of privacy unattainable with regular, pseudonymous cryptocurrencies like Bitcoin or Ethereum.

    ZEC transactions can be sent in two ways: transparent and shielded. Transparent transactions work in about the same way as in Bitcoin, whose codebase Zcash was originally based on: they are sent between public addresses and are recorded on an immutable public ledger (the blockchain). All essential information about these transactions is available online for anyone to see, including the sending and receiving addresses and the amount sent.

    These public transactions do not reveal user identities in an overt manner: the only identifiers an outside observer can access from the blockchain are public addresses. However, through the efforts of data scientists and law enforcement over recent years, the methods of blockchain analysis have been developed to the point where an interested party can fairly reliably connect a public address on a blockchain to the real-world identity of its owner, essentially making private transactions impossible.

    Shielded ZEC transactions, on the other hand, leverage the technology of zero-knowledge succinct non-interactive arguments of knowledge, or zk-SNARKs, in order to enable completely anonymous transactions to be sent over a public immutable blockchain. The fact that the transaction _has _happened is recorded on the ledger, but the sending and receiving addresses and the amount sent is not revealed to the public.

    This allows Zcash to offer its users the right to privacy while still enjoying the advantages of a decentralized, permissionless digital currency.

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  • How Many Zcash (ZEC) Coins Are There in Circulation?

    Overall, Zcash tokenomics is similar to that of Bitcoin: it is a scarce mineable token with a total supply limit of 21 million coins.

    New ZECs are created in the form of “block subsidies”: whenever a new block is mined and added to the end of the blockchain, a certain amount of coins is minted and split into “miner subsidy” and “founders’ reward” at a ratio of 80 to 20 percent respectively. The block subsidy is halved at regular intervals to slow down the issuance rate as the total supply of ZEC approaches its limit of 21 million.

    The miner subsidy goes to the miner who has mined the latest block and the founders’ reward is distributed between Electronic Coin Company (ECC) founders, Zcash Foundation and ECC itself, as well as its employees. On Nov. 18, 2020, the block subsidy was halved from 6.25 ZEC to 3.125 ZEC, which was triggered at block 1,046,400. This was introduced under the Zcash Canopy upgrade, which also removed the Founders Reward. Instead, the remaining 20% will be divided among the Major Grants Fund, ECC and Zcash Foundation, at 8%, 7% and 5% respectively. The next, and fifth, Zcash network upgradeZcash NU5 — is estimated to go live on the testnet on Sept. 30, 2021.

    Since launch there has been substantial interest in the ZEC to AUD and ZEC to EUR price pairs.

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  • How Is the Zcash Network Secured?

    Zcash network is secured by the proof-of-work SHA-256 hash function which belongs to the SHA-2 set of algorithms — same as Bitcoin.

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  • Where Can You Buy Zcash (ZEC)?

    Zcash is a high-ranking cryptocurrency. It is possible to buy Zcash on a number of major exchanges, some of which are:

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  • What is the all-time high price of Zcash (ZEC)?

    The all-time high of ZEC was 5,941.80 USD on 2016-10-30, from which the coin is now down 0%. The all-time high price of Zcash (ZEC) is 5,941.80. The current price of ZEC is down 0% from its all-time high.

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  • How much Zcash (ZEC) is there in circulation?

    As of , there is currently 16.33M ZEC in circulation. ZEC has a maximum supply of 21.00M.

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  • What is the market cap of Zcash (ZEC)?

    The current market cap of ZEC is 498.28M. It is calculated by multiplying the current supply of ZEC by its real-time market price of 30.52.

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  • What is the all-time low price of Zcash (ZEC)?

    The all-time low of ZEC was 18.94 , from which the coin is now up 61.140443505807795%. The all-time low price of Zcash (ZEC) is 18.94. The current price of ZEC is up 61.140443505807795% from its all-time low.

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  • Is Zcash (ZEC) a good investment?

    Zcash (ZEC) has a market capitalization of $498.28M and is ranked #164 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Zcash (ZEC) price trends and patterns to find the best time to purchase ZEC.

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