Algorithm Equihash
Current Height 1963047
Difficulty
Price $ 45.89
+2.28%
High (24h) $ 47
Low (24h) $ 45
16228768,4771232
77.28%
Circulating Rate
62996973.79109927,681738124.078822
8.46%
Turnover Rate
744735063.4525646,-744735063.4525646 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