Coins
21,593
Market Cap
$2,750.03 B USD
24H Change

+9.38%

24H Volume
$113.58 B USD
Dominance
BTC: 51.03%, ETH: 15.96%
ETH Gas
15 Gwei

ZEC

Zcash

ZEC

Add to Watchlist

$25.00 USD

N/A

(24H)

0.0003599 BTC

+0.00%

(24H)

Zcash Price Chart (USD)

Loading...

Market Cap (USD)

$408.15 M

24H VOLUME (USD)

$54.88 M

Circulating Supply

16.33 M ZEC

Max Supply

21 M ZEC

Total Supply

16.33 M ZEC

How does the market feel about Zcash today?

Crypto.com

How do you feel about Zcash today? Vote to see results

General Information

Contract Address

  • icon

    BNB Smart Chain (BEP20)

    0x1ba42e5193dfa8b03d15dd1b86a3113bbbef8eeb

About Zcash

Rank #170

Zcash Price Summaries

Latest Data

Zcash’s price today is US$25.00, with a 24-hour trading volume of $54.88 M. ZEC is +0.00% in the last 24 hours.ZEC has a circulating supply of 16.33 M ZEC and a max supply of 21 M ZEC.


What is Zcash?

The Zcash network is a code fork of the Bitcoin protocol that uses two types of addresses — transparent addresses and shielded addresses. Transparent addresses (or t-addresses) work similarly to Bitcoin addresses, as they are publicly visible on the Zcash blockchain. Shielded addresses (or z-addresses), on the other hand, are encrypted, making the contents of a transaction private even on a public blockchain.

The Zcash network’s digital asset token, ZEC, is a cryptocurrency that uses the advanced applied cryptography of shielded addresses to provide enhanced privacy and optional anonymity for its users. This superior level of anonymity is achieved through the use of zk-SNARKs, a specific type of zero-knowledge proof.

Zcash supports fast block times (75 seconds), low fees (default 0.0001 ZEC), and large block sizes (2 MB). It utilises a proof of work (PoW) hashing algorithm called Equihash.

A brief history of Zcash

Zcash was initially launched in 2013 as ‘Zerocoin’. It was first offered as an experimental privacy addition to Bitcoin utilising sophisticated mathematical methods termed ‘zero-knowledge proofs’.

Due to the Zerocoin protocol’s uniqueness and computational complexity, however, Bitcoin core engineers found it difficult to incorporate into the Bitcoin protocol. Subsequently, with significant enhancements to its protocol that resulted in much more efficient zero-knowledge proofs, Zerocoin’s founding scientists from Johns Hopkins, in partnership with MIT and Tel Aviv University, produced a new protocol named ‘Zerocash’ (Zcash).

Upon appointing its CEO, Zooko Wilcox, to manage the project in 2016, the Zcash protocol started development under the Zcash Company. That same year, it launched its native token ZEC and the Zcash blockchain, securing US$3 million from a collection of angel and venture investors in two consecutive rounds.

In 2017, as a distinct corporation, the Zcash Foundation was founded as a 501(c)3 charity with the aim to build privacy infrastructure and an Internet payment system for the benefit of the public. In 2019, the Zcash Company rebranded to the Electric Coin Company.

How Zcash works

Zcash employs Equihash, a PoW mining algorithm based on the notion of the generalised birthday problem, sometimes called the birthday paradox, which says that it’s more likely than you’d expect that two people in a group have the same birthday.

Zcash’s monetary base is the same as Bitcoin’s — a fixed supply of 21 million ZEC. Every 75 seconds, a new block is mined to the Zcash blockchain and a block reward of 3.125 ZEC is introduced into circulation. The amount of the block reward cuts in half about every four years until all 21 million ZEC are in circulation. The first halving happened in 2020, four years after the launch of Zcash. As of May 2022, the block reward is set at 1.5626 ZEC, and this will halve once more sometime in 2024.

Transactions on Zcash may be ‘transparent’, similar to Bitcoin transactions regulated by a t-address, or they can be ‘shielded’ (controlled by a z-address). A shielded transaction employs zk-SNARKs, a sort of zero-knowledge proof that offers anonymity to the transaction’s coin holders. ZECs are either in a transparent pool or a shielded pool.

What is Zcash used for?

The primary issue that Zcash seeks to address in the market is a lack of privacy. People mistakenly imagined that their crypto transactions were secret in the industry’s early days. In actuality, the opposite was true. However, it took years for blockchain forensic businesses to gain traction and shed light on it. Zcash allows users to conduct anonymous transactions using the network’s unique systems.

People may use Zcash to transact efficiently and safely while paying modest fees. Shielded Zcash ensures transaction confidentiality while allowing people to selectively share addresses and transaction information for auditing or regulatory compliance.

Zcash brings certain beneficial advantages to the industry. Users may make purchases, investments, and contributions confidently since the network ensures visible and private transactions.

More about Zcash

Website

Relevant resources

bulb icon

If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.

bulb icon

To check Zcash's price live in the fiat currency of your choice, you can use Crypto.com's converter feature in the top-right corner of this page.

The Zcash price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

ZEC Price Statistics

Zcash Price

$25.00

24h high / 24h low

N/A

7d high / 7d low

N/A

30d high / 30d low

N/A

90d high / 90d low

N/A

All-time high / All-time low

N/A

Trending

Currency Converter

Amount

ZEC

ZEC

1 ZEC = 25.00 USD

Rate is for reference only. Updated

General Information

Contract Address

  • icon

    BNB Smart Chain (BEP20)

    0x1ba42e5193dfa8b03d15dd1b86a3113bbbef8eeb

ZEC Price Statistics

Zcash Price

$25.00

24h high / 24h low

N/A

7d high / 7d low

N/A

30d high / 30d low

N/A

90d high / 90d low

N/A

All-time high / All-time low

N/A

Trending

Company

Copyright © 2018 - 2024 Crypto.com. All rights reserved.

Terms and Conditions

Privacy Notice

Status

Cookie Preferences

certificate: AICPA
certificate: SGS
certificate: SGS-27001
certificate: PCI-DSS
certificate: BSI