Review on Zcash by Thomas Jansen
The best privacy coin, but the future is uncertain
Zcash is one of my favorites when it comes to cryptocurrencies. It's decentralized, anonymous-transactions privacy coin, which gives you much more freedom than regular cryptocurrencies. Due to the difficulties with tracking down transactions, it's oftenly used for a crime incidents, which is not helping the development of the company. It's really hard to predict the way Zcash might follow in the next years - some countries are banning privacy coins due to the lack of transparency mixed with untraceable transactions, which can cause many problems.
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Pros
- Huge advance when it comes to privacy reasons. It's definitely the best privacy coin project I've seen.
- You can hide your transactions, or make them public - it's your will
- Very supportive community, really devoted to the project, but not blindly following all of their ideas
- Very talented team of developers standing behind the project gives them a perfect and stable background
Cons
- The anonimity of transactions are not giving Zcash well renown
- It's not as transparent as it should be when it comes to liquidity and total amount of coins
