ZEC

Zcash

$54.99
  • 1h-0.25%
  • 24h-3.43%
  • 7d+3.83%
  • Rank26of 3368
  • Market capitalisation$480,067,833.560.19% of total0.57% of altcoins
  • 24h volume$392,958,946.970.33% of total0.45% of altcoins
  • Available supply8,729,631.25
  • Total supply8,729,631.25
  • Max supply21,000,000

Launched in 2016 by Zooko Wilcox-O’Hearn and based on the Zerocoin protocol, Zcash (ZEC) is a decentralized and open-source privacy-focused cryptocurrency that enables selective transparency of transactions. Zcash transactions can either be transparent or shielded through a zero-knowledge proof called zk-SNARKs. This allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publishing spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is being dishonest.

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