Algorithm Equihash
Current Height 3429927
Difficulty
Price $ 470.02
+2.22%
High (24h) $ 471
Low (24h) $ 453
16795710,4204290
79.98%
Circulating Rate
326476827.1339137,7567850097.167636
4.14%
Turnover Rate
7894326728.987007,-7894326728.987007 Dominance

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.

More