ZEC

Find topical crypto stories on CMC’s [blog](https://blog.coinmarketcap.com/). How Many Zcash [ZEC] Coins Are There in Circulation? Overall, Zcash tokenomics is similar to that of Bitcoin: it is a scarce mineable token with a total supply limit of 21 million coins. New ZECs are created in the form of “block subsidies”: whenever a new block is mined and added to the end of the blockchain, a certain amount of coins is minted and split into “miner subsidy” and “founders’ reward” at a ratio of 80 to 20 percent respectively. The block subsidy is halved at regular intervals to slow down the issuance rate as the total supply of ZEC approaches its limit of 21 million. The miner subsidy goes to the miner who has mined the latest block and the founders’ reward is distributed between Electronic Coin Company (ECC) founders, Zcash Foundation and ECC itself, as well as its employees. As of October 2020, the block subsidy is equal to 6.25 ZEC. How Is the Zcash Network Secured? Zcash network is secured by the [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) [SHA-256](https://coinmarketcap.com/alexandria/glossary/sha-256) hash function which belongs to the SHA-2 set of algorithms — same as Bitcoin. Where Can You Buy Zcash [ZEC]? Zcash is a high-ranking cryptocurrency available on a number of major exchanges, some of which are: * [Binance](https://coinmarketcap.com/exchanges/binance/) * [HitBTC](https://coinmarketcap.com/exchanges/hitbtc/) * [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) * [BKEX](https://coinmarketcap.com/exchanges/bkex/) * [OKEx](https://coinmarketcap.com/exchanges/okex/)