Zcash ZEC

Find more information about Zcash including social sentiment and CP Risk Score.

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Category

Currency

Price

USD 70.84

CHG % (24H)

-4.97 %

CHG % (7D)

-7.35%

Social Sent.

Neutral+

CPR Score

4

Fundamentals

Circulating Supply
7,031,444
Total Supply
7,031,444
Max Supply
0
Product Status
Fully working
Consensus Method
PoW
Algorithm
Equihash

Social Sentiment Social sentiment analysis Twitter posts and reflects how wider public feels about one or another coin at this particular moment of time. Info

Coin Risk Assessment The CPR Score is a cryptocurrency risk score combining Liquidity, Market and Issuer Risk. Info BETA

  • 4/10

Liquidity Risk Liquidity risk is the risk that stems from the lack of marketability of an coin that cannot be bought or sold quickly enough to prevent or minimize a loss. Info

4/10

Market Risk Market risk is the risk of losses in positions arising from movements in cryptocurrency market prices. Info

5/10

Issuer Risk Issuer risk is addressing the various risks associated with the specific coin itself. This contains a variety of risk metrics related to the product, its market, developer and social community. Info

4/10

Price Movement

1H +1.16%
30d -34.28%
90d +4.35%
Volatility 7d 7.95%
Volatility 30d 5.54%
Max Drawdown -41.07%

Most Similar Coins Shows the 10 most similar coins based on the information available on this page. Info BETA

Zcash (ZEC)

Historical Price & Volume Charts

Description

ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible.

ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.

Block explorer data from https://explorer.zcha.in/

Genesis Date: 2018-04-10

Website: https://z.cash/

Features

Privacy Enhanced

A decentralized and open-source cryptocurrency that provides strong privacy protections. If Bitcoin is like http for money, Zcash is https—a secure transport layer.

Technology

zk-SNARKs

The Basic

Zcash is the first widespread application of zk-SNARKs, a novel form of zero-knowledge cryptography. The strong privacy guarantee of Zcash is derived from the fact that shielded transactions in Zcash can be fully encrypted on the blockchain, yet still be verified as valid under the network’s consensus rules by using zk-SNARK proofs.

The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier.

“Zero-knowledge” proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. For example, given the hash of a random number, the prover could convince the verifier that there indeed exists a number with this hash value, without revealing what it is.

Application to ZCASH

In order to have zero-knowledge privacy in Zcash, the function determining the validity of a transaction according to the network’s consensus rules must return the answer of whether the transaction is valid or not, without revealing any of the information it performed the calculations on. This is done by encoding some of the network's consensus rules in zk-SNARKs. At a high level, zk-SNARKs work by first turning what you want to prove into an equivalent form about knowing a solution to some algebraic equations. In the following section, we give a brief overview of how the rules for determining a valid transaction get transformed into equations that can then be evaluated on a candidate solution without revealing any sensitive information to the parties verifying the equations.

Date Price Volume
Elipse