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/
|Mkt.Cap||$ 308,088,626.00||Volume 24H||4,839.00 ZEC|
|Market share||0%||Total Supply 24H||21,000,000.00 ZEC|
|Proof type||PoW||Open||$ 51.64|
|Low||$ 51.44||High||$ 52.58|