• PRL+NOCK merged mining launched More >
Algorithm Equihash
Current Height 3562228
Difficulty
Price $ 980.52
-16.29%
High (24h) $ 1207
Low (24h) $ 970
16960340,4039660.0
80.76%
Circulating Rate
1506652799.5540693,15123257655.591042
9.06%
Turnover Rate
16629909776.991663,-16629909776.991663 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