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5 Review
13 Karma

Review on Zcash by Santhosh sandy

Revainrating 4 out of 5

There are several better alternatives available in the market for privacy coin.

There are several better alternatives available in the market for privacy coin.

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Pros
  • It anonymizes the identity of people and the amount of the transaction. The miners only receive a hash produced from a zero-knowledge proof that is only verified if the person sending the transaction has enough and is not double spending.
Cons
  • Efficient Zero-knowledge proofs require an initial set-up that generates a private key for the system. Zcash claims to have destroyed that private key. However, if that private key exists then it can be used to falsify transactions ruining the system.

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