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Review on Zcash by rubesh kumaran

Revainrating 1 out of 5

is a cryptocurrency, uses zero knowledge proofs involving a greater degree of…

is a cryptocurrency, uses zero knowledge proofs involving a greater degree of privacy that does even list out the amount and identity of the parties, to the trabnsaction

Anonymous Transactions

Anonymous transactions are an optional feature. A minimum of 8 GB of RAM is required with a few minutes to sign in and send an anonymous transaction.

Core Technology

The zk-SNARK protocol, was invented in 2014 and implemented in 2016 with Zcash. It is relatively new and has yet to undergo the test of time which other privacy cryptos have seen i.e. Monero.

Distribution Mechanism

Mining of Zcash is taxed for 4 years and there is a lack of transparency around the reward percentage each entity will receive.

Governance Mechanism

It differs to most cryptocurrencies as a company that takes care of its departments i.e. security and inflation.

Partnerships

J.P.Morgan has adopted Zcash to provide a new layer of privacy to its enterprise-grade blockchain called Quorum.

I have provided recommended reading to help you to understand Zcash further.



Pros
  • 1.Selective transparency 2.GPU mining to prevent centralization 3. Potentially more effective governance Offers exclusive privacy 4.Improved block-time of 2.5 minutes
Cons
  • 1. Centralization 2. Fungibility 3. Anonymity of transactions encourages its illicit use

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