Zcash (ZEC)

Information about the coin Zcash (Ticker Code: ZEC)

Asset Information

Asset Name: Zcash
Trade Ticker: ZEC
Logo Icon:
Asset Type: Coin
Circulation: 8,047,494 ZEC   (Updated: 2019-12-12 02:21:18)
Market Cap: $248,645,588 USD
Premine: No (Founders Fund)
Proof Type: POW
Algorithm: Equihash
Categories: Privacy Coins
Social Contacts: Twitter  
Website: https://z.cash/
Explorer: https://explorer.zcha.in/
Sourcecode: https://github.com/zcash/zcash
Announcement: https://forum.z.cash/
CoinMarketCap: https://coinmarketcap.com/currencies/zcash/
Coingecko: https://www.coingecko.com/en/coins/zcash
Cryptoslate: https://cryptoslate.com/coins/zcash/
7 Day Sparkline:
Average Price:

altilly ZEC (Zcash) Balance SheetWhat is this?  

Last Updated: 2019-12-12 02:46:12 UTC
Customer Funds on Deposit 335.39192688 ZEC
Customer Funds Pending Deposit 0.00000000 ZEC
Customer Funds Pending Withdrawals 0.00000000 ZEC
Total Liabilities 335.39192688 ZEC
In Deposit Wallets 0.10192729 ZEC
In Transit Dep-->WD Wallet 0.00000000 ZEC
In Withdrawal Wallets 360.36059999 ZEC
In Safe Storage (0.00%) 0.00000000 ZEC
Total Assets 360.46252728 ZEC
Balance 25.07060040 ZEC (107.475%)

Liabilities Est. USD Value $10,362.69
Assets Est. USD Value $11,137.31
Balance Est. USD Value $774.62 (107.475%)

Zcash (ZEC) is trading in 6 markets at altilly.

Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.

Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core's battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.

How Zcash works

Zcash encrypts the contents of shielded transactions. Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity.

Zcash uses a zero-knowledge proof construction called a zk-SNARK, developed by our team of experienced cryptographers based on recent breakthroughs in cryptography. These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing.

Zcash also enables users to send public payments which work similarly to Bitcoin. With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value.