About Zcash

What is the Zcash price today?

The ZEC price is currently $26.71. The price of Zcash is +2.00% over the last 30 days. You can use the live Zcash chart to track the ZEC/USD price in real time above, or compare the Zcash value today to its past performance using the Zcash price history tab at the top of this page.

What is the total supply of ZEC?

The circulating supply is 16,328,268.75 ZEC, out of a total maximum supply of 21,000,000.00 ZEC.

What is the price prediction for Zcash?

The average Zcash price prediction values the coin at $110 by the end of 2023. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin.

What is Zcash?

Launched in 2016, Zcash is a cryptocurrency focused on privacy. It works in much the same way as Bitcoin but gives its users the option to ‘shield’ their identities when the transactions are logged on the blockchain.

Zcash allows users to choose a z-address (hidden) or a t-address (transparent) when sending or receiving funds. Users can also allow trusted third parties to see a z-address by handing over a view key.

How does Zcash work?

In some ways, Zcash is just like any other form of anonymous digital cash. It uses advanced cryptology to obfuscate information that is usually publically available when using non-anonymous cryptocurrencies like Bitcoin. The big difference with Zcash is the focus on allowing users to hide or reveal their transactions.

There are plenty of legitimate reasons for wanting to keep transactional information private, including companies wanting their movements hidden from competitors and users in repressed countries looking to avoid detection when buying and selling.

How is the Zcash network secured?

It’s secured by utilising the proof of work SHA-256 algorithm (similar to Bitcoin). When transactions are made on the network, they are grouped together to form a block. A new block is connected to its preceding block, creating a blockchain. Through the use of SHA-256, all transactions are hidden.

What is Zcash used for?

Zcash has multiple uses; like most cryptocurrencies, it can be used as a means of payment or as a store of value. However, Zcash is predominantly used as a secure and anonymous way to make transactions. Its use of zk-SNARK zero-knowledge proof technology allows all transactions made on the network to be free of any sensitive information.

Why does ZEC have value?

Its value comes from a focus on privacy and anonymity. Like other cryptocurrencies, Zcash transactions are made on a publicly accessible blockchain, yet, unlike other cryptocurrencies, ZEC transactions remain undisclosed by default. The origin, destination addresses, and the amount transferred is hidden.

Who created Zcash?

Zcash was created in 2016 by Zooko Wilcox-O’Hear, a computer security specialist and entrepreneur. O’Hearn is also the creator of the profit-driven Electric Coin Company, which oversees the growth and progression of Zcash.

Where can I buy Zcash?

You can buy Zcash on a crypto exchange. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock platform.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated crypto wallet for some extra security.

Are there any other ways to invest in Zcash?

The simplest way to invest in Zcash is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a crypto ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Zcash alternatives?

There are several crypto projects offering something similar to Zcash, some are focused on speed, while others are focused on privacy and other features. Here’s a selection of the best Zcash alternatives.

• Solana. Solana is one of the biggest platforms in the world. 
• Polkadot. Polkadot uses technology to make different blockchains compatible with each other.
• Cardano. Cardano is faster, cheaper, and more scalable than Zec.

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