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Zcash ZEC

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$106.38 +6.7%
Market Cap
$1.31B (#44)
Supply
12.40M / 21.00M
Price
52W High price $319.39
52W High date 8th May 2021 (1 year ago)
All Time High (ATH) Date 29th Oct 2016 (5 years ago)
ATH Price $3,191.93
% From ATH -96.23%
All Time Low (ATL) Date 13th Mar 2020 (2 years ago)
ATL Price $19.75
% From ATL 509.91%
Supply & Trading Volume
Volume (24h) 178.62M
Total Supply 21.00M
Max Supply 21.00M
Circulating Supply 12.40M
Description

Zcash or ZEC is known for using advanced cryptography with the intention of offering users optional anonymity when it comes to making transactions.

Zcash or ZEC is known for using advanced cryptography with the intention of offering users optional anonymity when it comes to making transactions.

Keep in mind that before its invention, all of the data about the amount users exchange, the addresses that they send the funds to, as well as the addresses they received funds from were recorded on the blockchain, and anyone could view this information.

This meant that the data, in some way, could be linked back to the individual who made transactions. Seeing this as an issue, Zcash launched in 2016 and offered a high level of privacy by introducing what is known as shielded addresses which were designed to encrypt the transactions as well as the address data stored on the blockchain.

The beauty here though is the fact that Zcash lets users choose their level of anonymity. There are two types of addresses through which this is done, you have transparent addresses that do indeed appear on the blockchain and shielded addresses that do not actually appear on the blockchain.

The ZEC Token Explained

ZEC has a maximum cap of 21 million ZEC, which means that there can never be more than that amount of ZEC tokens generated. New ZEC tokens are introduced through mining, where computers can contribute their power to solve cryptographic puzzles where the ones that deliver the most power and win can add blocks to the Zcash blockchain, similarly to how Bitcoin works.

The main reason why ZEC tokens actually hold value is due to the fact that, as the cryptocurrency market grows, there is a constant rise of users that want to integrate or seek out a blockchain that offers them a higher level of privacy.

Features of Zcash

Zcash implements a cryptographic method through which anyone who has private data can convince someone that wants to verify that the data is true without revealing anything other than a true or false statement. Zcash uses a variation of the zero-knowledge proofs known as zk-SNARK for the shielded transactions which ensures that the verifier cannot learn anything about the data other than if it is true or false, and this proof is small enough to be verified in milliseconds, without any communication between the prover and the verifier. No prover can make a verifier accept false information and a prover cannot prove information unless there is actual verifiable information to prove.

Shielded as well as unshielded Zcash transactions are verified by nodes, then recorded on the blockchain. The blocks are added through an open network of computers that use an algorithm known as Equihash. This calculates the amount of RAM a miner is using to secure the blockchain.

Founders of Zcash (ZEC)

Discussing the founders of Zcash, it is actually a project founded in 2016 by Zooko Wilcox-O'Hearn who is also a computer security expert as well as an entrepreneur. He also founded the Electronic Coin Company (ECC) which actually manages the development of Zcash. Alongside this, he has also founded Least Authority Enterprises which is a technology company on a mission to improve digital security and privacy which co-invented the BLAKE3 cryptographic hash function which is interesting.

1.1 Insights (beta)

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2. Price

ZEC/USD

2.1. Market Performance

How does Zcash's (ZEC) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-32.9%

ZEC

-40.0%

Similar Market Cap

60 Day Return

3.0%

ZEC

-23.5%

Similar Market Cap

1 Year Return

-52.0%

ZEC

-75.6%

Similar Market Cap

3. Developer Activity

We're monitoring 36 Zcash GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Zcash Repos)

Commits vs. The Market

  • Past 4 weeks: 263 commits vs. an average of 4
  • Past 12 weeks: 980 commits vs. an average of 30
  • Past year: 4,460 commits vs. an average of 488

Most Active Repos

Past week 87
Past 12 weeks 191
Past year 773
Past week 21
Past 12 weeks 126
Past year 665
Past week 24
Past 12 weeks 143
Past year 609
Past week 97
Past 12 weeks 362
Past year 595
Past week 2
Past 12 weeks 11
Past year 557
Past week 21
Past 12 weeks 102
Past year 439

Top Developers 2022

In total, 142 developers have contributed to Zcash over the past year. Who are the most active Zcash developers, by commits, over the past year?

Related Projects

Developers working on Zcash also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 22,208
Active Reddit Users (past 24h) 163
Discord users
Active Discord Users
Telegram Users 2,687
Twitter followers 86,416
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Zcash?

Funding Rounds

Zcash has raised $1.0M across 4 funding rounds, between January 2016 and January 2021.

Amount / Round Date Investors
- / ICO 1 year ago 1
- / - 4 years ago 1
- / ICO 5 years ago -
$1.0M / Seed 6 years ago 5
- / ICO 1 year ago 1
- / - 4 years ago 1
- / ICO 5 years ago -
$1.0M / Seed 6 years ago 5
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://z.cash/
Explorer https://blockchair.com/zcash
Twitter @electriccoinco
reddit /r/zec
Forum https://forum.z.cash/
Whitepaper http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf

Has Zcash been audited for security?

No security audits found for this project.

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