Live ZEC price analysis
The current price of Zcash in real time is $27.75and its trading volume is equal to US$77,094,168 in the last 24 hours. ZEC price has grew by
1.84%
on the last day and increased by
14.23%
in the last 7 days. It is important to note that the current market capitalization of Zcash is US$453,157,794and the maximum offer is 21,000,000 prisoners coins. Speaking of revolving supplies, ZEC has 16 328 269 coins. Currently, Zcash’s market rating is #137.
Zcash price today
99.53%
below
always on top and that’s it
121.18%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling ZEK are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is Zcash (ZEC)?
Zcashalso known as Zerocash and ZEC, is a digital currency that is mainly known for its focus on privacy and anonymous transactions. He is often compared to Bitcoinhighlighting the similarities between the two tokens and the anonymity benefit of ZEC transactions that Bitcoin does not have.
Zcash transaction data is published on public blockchain. However, Zcash’s secure protocol protects sensitive transaction information. This is achieved by using zk-SNARK technology. Although, if you need to disclose hidden information for an audit or some other reason, there is an option to do so using transparent protocol.
Additionally, please note that the Zcash network is secure That Proof-of-Work SHA-256 hash functionthis is the same feature that secures Bitcoin.
Just keep in mind that the price of Zcash is quite volatile, as is typically the case with most crypto assets. Therefore, you should always check the ZEC price chart before purchasing a token.
History of Zcash
Zcash debuted on October 28, 2016. It was originally based on the Bitcoin codebase. The Zcash crypto project was founded Zuko Wilcox-O’Hearn Computer security expert and entrepreneur. Between 2013 and 2014, he also founded the Electric Coin Company and developed the Zerocoin protocol.
How do Zcash transactions work?
As mentioned earlier, ZEC transactions can be shielded or transparent.
Zcash token transactions that are protected use the aforementioned zk-SNARK technology. This technology allows you to send transactions through a public and immutable blockchain completely anonymously. The sending and receiving addresses, as well as the amount sent, are not publicly visible. However, the fact that the transaction took place is noted in the blockchain.
Additionally, the Zcash protocol uses advanced cryptographic techniques to verify the legitimacy of secure transactions since the payment information of such transactions is encrypted.
Considering transparent ZEC transactions, they function similarly to Bitcoin transactions. They are transferred between public addresses and recorded in an immutable public blockchain. The sender and recipient addresses, as well as the total transaction amount, are visible online.
Although the only identifiers that a third party can access from the chain are public appealsTherefore, transparent transactions do not explicitly reveal the identities of users.
Tokenomics of Zcash tokens
Zcash is a mineable token and has a total supply of 21 million tokens. Sounds familiar? Yes, it’s like Bitcoin.
When a new block is mined and integrated into the blockchain, a certain number of ZEC tokens are created. New ZEC coins are created in the form of block grants. As the total supply of Zcash coins approaches the 21 million limit, block subsidy is periodically halved to slow down the rate of emissions. Zcash tokens were previously divided into miner subsidies (80%) and founder subsidies (20%).
Founder subsidies were split between the founders of the Electric Coin Company (ECC) and the Zcash Foundation. The miner subsidy, on the other hand, is paid to the miner who mined the most recent block.
However, with That Zcash Canopy UpdateFounder rewards were cancelled, and their share was divided between the Zcash Foundation (5%), ECC (7%) and Zcash Open Major Grants (8%).
Be sure to check out the Zcash price chart to see the major ZEC price trends.
What is the trading volume of Zcash in the last 24 hours?
ZEC has trading volume US$77,094,168 in the last 24 hours.
What is the highest price for Zcash?
ZEC has the highest price US$5,941.80which was achieved at October 29, 2016 (7 years 3 months ago).
What is the lowest price for Zcash?
ZEC has the lowest price $12.55which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling ZEC?
Currently the most active and dominant exchanges for buying and selling Zcash are Binance, Kraken & Kucoin. The most popular Zcash trading pairs ZEC/BTC
(on
YoBit
),
ZEC/USDT
(on
Huobi Global
),
ZEC/USDT
(on
Binance
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing ZEC?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Zcash. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
