What is This Cryptocurrency? ZCash
Zcash is another type of cryptocurrency which has decentralized control as well as open source. This means that the project is kept going by a group or community of individuals who want the project to continue. There is also a feature that is different from other cryptocurrencies and that is the ability to send the cryptocurrency in different ways. While the block chain does provide accountability for the amount of cryptocurrency a user has, it does not provide the information to everyone.
Zcash is a cryptocurrency that also has an increased transaction speed compared to other cryptocurrencies which may take longer to send, receive, and confirm a transaction. Each cryptocurrency allows an individual to send and receive the cryptocurrency for a transaction, but there are different amounts of time to wait for the transaction to be completed. Zcash has a transaction time of 60 minutes due to the need of confirmations.
Zcash has a crurrent value of around $61 dollars. The cryptocurrency has a criculating supply of 9.6 million coins. The volume in the past 24 hours is of $227 million. The market cap of the coin is of $592 million.
* This is not investment advice. If you want to buy or invest in cryptocurrencies, you need to research information prior to making an informed decision.