Algorithm Equihash
Current Height 3169648
Difficulty
Price $ 408.22
-6.99%
High (24h) $ 440
Low (24h) $ 400
16437807,4562193
78.28%
Circulating Rate
739239473.8023797,5971025962.763338
11.02%
Turnover Rate
6710265215.903742,-6710265215.903742 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.

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