Algorithm Equihash
Current Height 3304417
Difficulty
Price $ 374.57
-1.32%
High (24h) $ 383
Low (24h) $ 366
16623130,4376870
79.16%
Circulating Rate
502577954.4422994,5723880400.8377
8.07%
Turnover Rate
6226458340.096669,-6226458340.096669 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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