Price (USD)$ 44.84
Circulating SupplyZEC 13.05736M
Volume (24h)$ 35.37647M
Market Cap$ 584.82822M
Low/High 24h$ 44.24 - $ 46.37
Change (24h)-$ 0.951809
Zcash (ZEC) is a cryptocurrency similar to Bitcoin but surpassing it with high-speed transactions and better anonymity. Although it's not as long on the market as its major competitors, it has deserved the attention of thousands of investors.
Zcash price today is 44.84 USD.
Work on the coin began in 2013. The creators wanted to issue a cryptocurrency with the merits of Bitcoin but with higher privacy.
The coin appeared on October 28, 2016. This coin is based on the zk-SNARK protocol. It allows you to confirm transfers without revealing details about them thanks to a complex algorithm developed back in the 1980s.
Before launch, there were no ICOs, which distinguishes this coin from its counterparts.
This anonymous cryptocurrency allows everyone to hide all information about the transfers, except for the fact that they were made. The user decides whether to mask the information in the blockchain or leave it open. In other words, it is possible to conduct public transactions, similar to Bitcoin.
The uniqueness of the coin lies in the ability to confirm transactions without information about the amount or participants. To make a payment, you need to enter a script, which is generated along with the wallet. The rest of the operations are performed by the system.
Transactions take no more than 15 minutes. The operation is completed after 3 confirmations. However, many platforms accept the asset after only one approval. Due to this Zcash is convenient when paying for services or buying goods in online stores.
Zcash mining is based on the Equihash algorithm. The principle is similar to Bitcoin. The solution of mathematical problems with the help of software and computing equipment provides the emergence of new coins. The work of the miners is done via the Proof-Of-Work algorithm.
Equihash is not compatible with all types of ASIC. It doesn't support some Bitcoin mining equipment, and individual devices are designed for the ZEC coin. To start mining, you need to install EWFB software.
To understand if it's profitable, everyone can use a Zcash mining calculator by providing:
It will let miners calculate their profit per day or month.
This coin was created as an improved version of Bitcoin, so it copies it in many ways. The minimum value is called Zatoshi and is 0.0000001 ZEC. The maximum amount of coins is limited to 21 million. Presumably, mining will end in 2030.
Everyone can secure their coins by selecting a suitable Zcash wallet. Some apps are created specifically for ZEC. For example, Zecwallet Lite connecting with its desktop version allows users to send any-length memos and conduct fully shielded transactions.
However, wallets like Jaxx, Atomic, or Cobo that support hundreds of other coins are suitable for ZEC. For more significant sums, it's better to use hardware alternatives (Trezor or Ledger).
The creators are working on improving the network, increasing its speed and ability to conduct an unlimited number of transactions. Its active development can become a stimulus for the growth of its popularity.
With higher security and usability, ZEC brings more profit. According to WalletInvestor, Zcash price will be over $1000 at the end of 2025. Although DigitalCoinPrice experts don't have such a positive price prediction, they still believe ZEC will cost over $350 by the same time.
After all, Zcash is a prospective cryptocurrency with low fees and high anonymity that makes transactions secure and fast. Many analytical agencies give positive forecasts about it. That's why its purchase is worth looking into.
StealthEX lets everyone buy Zcash from the lowest sums. No need to provide much info or wait a lot for transactions — the process takes just a few clicks. Just select from over 400 cryptocurrencies and choose between a fixed or floating rate.
Just go to StealthEX exchange and follow these easy steps:
You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
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