Zcash Information

Zcash is a privacy-focused cryptocurrency designed to provide enhanced security and confidentiality for its users. Unlike many other cryptocurrencies, Zcash uses advanced cryptographic techniques to allow transactions that shield the sender, recipient, and transaction amount. This emphasis on privacy makes it a popular choice for those prioritizing anonymity in their financial dealings.

Zcash

$49.05

Title : Zcash
Symbol : zec
Current Price $ : 49.05 $
High 24h : 50.59 $
Low 24h : 45.91 $
Price Change 24h : 1.56 $
Price Change % 24h : 3.29295 %
Market Cap : 778381411
Website : https://z.cash/
Community : https://forum.z.cash/
Total Volume : 64220561
Market Cap Change 24h : 25910365
Market Cap Change % 24h : 3.44337 %
Circulating Supply : 15853961.103045
Total Supply : 15856203.290545
Max Supply : 21000000
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 3191.93
ATH Change % : -98.46272 %
ATH Date : 2016-10-29 00:00
All Time Low (ATL) : 16.08
ATL Change % : 205.15182 %
ATL Date : 2024-07-05 04:22

more information

Understanding Zcash: An Innovative Privacy Coin

Zcash (ZEC) is a cryptocurrency that prioritizes privacy and security. Launched in 2016, Zcash emerged as a prominent contender in the crypto market, offering enhanced anonymity features that differentiate it from many other digital coins. As a fork of Bitcoin, Zcash employs a similar framework while integrating advanced cryptographic mechanisms for transaction privacy.

The Technology Behind Zcash

At the core of Zcash's privacy technology is the use of 'zk-SNARKs', or Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge. This cryptographic breakthrough allows Zcash transactions to be fully shielded, meaning that transaction details such as sender, receiver, and amount can be hidden from the blockchain while still being verified. This contrasts with Bitcoin and most other cryptocurrencies, where transaction information is publicly visible.

Advantages of Zcash

One of the significant advantages of Zcash is its ability to provide users with privacy and fungibility. Unlike Bitcoin, where transaction history can influence the perceived value of individual coins, Zcash's GDPR-compliant privacy ensures that each coin is indistinguishable from another. This feature is particularly appealing for users who value financial privacy or operate in industries that require confidentiality.

Challenges and Disadvantages

However, Zcash is not without its challenges. The complexity of its privacy technology can make it less accessible to the average user. Moreover, regulatory scrutiny poses a risk as privacy coins, in general, can be subject to restrictions due to their potential use in illicit activities. Despite these concerns, Zcash continues to thrive due to its strong commitment to privacy.

Historical Price Performance

Historically, Zcash has experienced significant volatility. It reached an all-time high of $3,191.93 shortly after its launch in October 2016. However, like many cryptocurrencies, it has since seen a substantial decrease, now valued around $37.17. Its price trajectory reflects broader market trends and the cyclic nature of cryptocurrency valuations, which often experience dramatic booms and busts.

Future Outlook for Zcash

Looking to the future, Zcash's prospects depend on several factors. Continued focus on enhancing privacy features could strengthen its position as a leader among privacy-focused cryptocurrencies. Additionally, increasing general adoption and use cases for privacy coins may provide upward momentum. However, regulatory developments and market competition will undoubtedly play critical roles in shaping its long-term success.

Overall, while Zcash faces certain challenges, its technological advancements and dedication to privacy set it apart in an increasingly crowded crypto landscape. As the need for privacy in digital transactions grows, Zcash's unique features may become increasingly relevant, positioning it as a mainstay option for privacy-conscious users.

General Information
from price $49
Title Zcash
Symbol zec
Whitepaper -
Website https://z.cash/
Community https://forum.z.cash/
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 49.05 $
High 24h 50.59 $
Low 24h 45.91 $
Price Change 24h 1.56 $
Price Change % 24h 3.29295 %

Market Data
Market Cap 778381411
Total Volume 64220561
Market Cap Change 24h 25910365
Market Cap Change % 24h 3.44337 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 15853961.103045
Total Supply 15856203.290545
Max Supply 21000000

Historical Data
All Time High (ATH) 3191.93
ATH Change % -98.46272 %
ATH Date 2016-10-29 00:00
All Time Low (ATL) 16.08
ATL Change % 205.15182 %
ATL Date 2024-07-05 04:22