Review on Zcash by Shyam Satpal Singh

Name: Zcash
Item: Zcash
Rating: 4

August 31, 2018

Zcash uses a special proof to secure the network called zk-snark - or proof of…

Zcash uses a special proof to secure the network called zk-snark - or proof of construction. This allows the network to maintain a secure ledger of balances without disclosing parties or amounts involved in transactions.
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Pros

Zcash has quality like anonymity of transactions, world class team of developers ultimately same amount of coins as bitcoins.

Cons

A US company is behind Zcash and the company has imposed at the code level a 20% tax on all coins mined to pay for developpers and provide returns for investors. This is contrary to the spirit of digital currencies