Gate News message, April 10, according to Gate market data, as of the time of writing, ZEC (Zcash) is trading at $372.38. In the past 24 hours, it is up 17.44%, with a high of $389.83 and a low falling to $308.32. The past 24 hours’ trading volume reached $7.6093 million. The current market cap is about $6.2B.
Zcash is the first blockchain system to use a zero-knowledge proof mechanism, which can provide complete payment confidentiality while still using a public blockchain to maintain a decentralized network. The total supply of ZEC is 21 million. The transactions automatically hide the sender, recipient, and amount of every transaction on the blockchain. Only people who possess the viewing key can see the transaction contents. Users have full control and can choose whether to provide the viewing key to others. Zcash uses end-to-end encryption technology to protect privacy; transaction speed is faster than Bitcoin, and fees are typically only a fraction of a cent.
This news is not investment advice. Investors should be aware of risks from market volatility.
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