ZCash (ZEC) plunges -0.53% on June 15-16

June 16, 2018 - By Richard Conner

ZCash (ZEC) had a bad 24 hours as the crypto declined $-1.00999999999999 or -0.53% trading at $191. According to Global Cryptocoin Experts, ZCash (ZEC) eyes $210.1 target on the road to $339.961811266356. ZEC last traded at Gemini exchange. It had high of $202.1 and low of $189.61 for June 15-16. The open was $192.01. About 11,309 ZEC worth $2.21M traded hands.

ZCash (ZEC) is down -39.19% in the last 30 days from $314.11 per coin. Its down -40.06% in the last 100 days since when traded at $318.64 and the annual trend is down. 200 days ago ZEC traded at $361.1. ZEC has 4.15M coins mined giving it $792.48M market cap. ZCash maximum coins available are 21.00M. ZEC uses Equihash algorithm and PoW proof type. It was started on 28/10/2016.

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.

Block explorer data from https://explorer.zcha.in/

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