What is ZCash (ZEC)?
Zcash is fully decentralized, peer to peer, open source cryptocurrency. The ZCash is offering all the benefits of Bitcoin. The main benefit is adding newer features, especially in security and anonymity. Zcash uses a proper proof to secure the network called zk-snark – or proof of construction which allows the network to maintain a secure ledger of balances without disclosing parties or amounts involved in transactions.
ZCash (ZEC): History
The ZCash is formed from ZeroCoin project which started in 2016. The coin was made public in October 2016. The main developers of the ZCash are Zooko Wilcox-O’Hearn. The Matthew Green was in charge of the cryptography which is a very important factor for ZCash. Roger Ver is one of the initial investors of ZCash. On April 2017 for the first time in the history, ZCash made the top 10 lists of the cryptocurrency world. The Zcash total coin supply is going to be 21 million like Bitcoin
How does ZCash (ZEC) Work?
ZCash (ZEC) is having the same working structure of Bitcoin. Like Bitcoin, ZCash can be transferred between two users of the network that is if the sender initiates a send command which contains the receiver’s wallet address, sender’s information and the amount of ZCash to be transferred. The details will be carried to the miners through blockchains. The approval is needed, when the approval is accepted the ZCash is deducted from the sender’s account and will be added to the receiver’s account. There will be a small percentage of transaction charge for facilitating the transaction.
How to Buy ZCash (ZEC)?
If you want to buy ZCash (ZEC) the cheapest way is to first purchase Litecoin or Bitcoin through Coinbase. After purchasing your Litecoin/Bitcoin you can use an exchange such as Binance or Bittrex. You can then get Zcash either by purchasing it via an exchange or mining.
ZCash (ZEC) Price Prediction 2018
Zcash price equal to 469.734 USD at 2018-02-12. If you buy Zcash for 100 dollars today, you will get a total of 0.213 ZEC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-09 is 2137.325 US Dollars. With a 5-year investment, the revenue is expected to be around +355.01%. ZCash (ZEC) price today is $471.58 and have the current supply of 3,262,056 ZEC. The market cap value is $1,538,320,486, and the volume is marked as $84,688,700. ZCash price prediction, ZCash price forecast, ZCash price and news, ZEC price forecast, ZEC price prediction 2018, What is the price of ZCash 2018.