Review on Zcash by R Silva

Name: Zcash
Item: Zcash
Rating: 4

August 30, 2018

Altcoin Zcash arose in 2016 from the Zerocoin project with the aim of making…

Altcoin Zcash arose in 2016 from the Zerocoin project with the aim of making Bitcoin users even more anonymous.
Zcash has its payments published in a chain of public blocks, but for security, it is up to the user to choose whether or not to hide the sender, the recipient, and the amount transferred.
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Pros

It uses a zero knowledge test called zn-SNARK, "zero-knowledge Succinct Non-interactive ARgument of Knowledge". Zcash can automatically hide the shipping address, the address of the payee, and the value of all transactions. Like the BTC, only 21 million units of the Zcash coin will be mined over time.

Cons

Currency suspected to be centralized. There is a so-called "Reward Fund" in which the network withdraws 20% of the mined ZECs and passes on to its founders in the initial 4 years. As soon as the ZEC 21 million is mined, the "Reward Fund" will transfer 10% to those interested in the Zcash Foundation (Founders, investors, employees and their advisers).