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Review on Zcash by Annett Jager
Zcash has been in the top 20 cryptocurrencies for some time now. It is bestβ¦
Zcash has been in the top 20 cryptocurrencies for some time now. It is best known as a by-product of the Zerocoin project which was established in order to improve the privacy of Bitcoin users. The team of engineers, advisors and scientists of the Zerocoin Electric Coin Company (ZECC) launched the Zcash currency in 2016. Now it grew so in the future it may be grow stronger
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Pros
- The way I see it, the inflation rate of Zcash makes it a proper currency instead of something to just "hold". Also, the Zcash team is working with OpenBazzar(?) to get it integrated and again, use Zcash as a currency instead of what most of crypto has become. Another upside is the zk-snarks are cryptographically more anonymous than anything Monero has to offer.
Cons
- the downside I see is that if Zcash was built in such a way that allows backdoors in the code. Being an American-based company, doesn't that ruin the entire point of making it anonymous at all? It's basically a bank at that point. The one advantage cryptographically it has being more anonymous than Monero is also only an advantage in theory, because you can't crack a Monero transaction anyways.
