Review on Zcash by Jose Luis Perez
A project focused on privacy but with certain details.
In the crypto world, we find an immense variety of projects based mainly on offering a security experience of our own funds. This crypto, like Zcash, follows the main characteristics of this type of project, since this is decentralized and open source, seeking to improve the Bitcoin protocol. Which is largely focused on ensuring a higher level of security and privacy for users.
This has its own chain of blocks, in addition to applying selective transparency that makes operations more confidential, therefore anonymity without revealing more information. Which has been the main debate. It also has its own currency, known as ZEC.
Low cost transactions can be carried out through this crypto and it offers two types of transactions. On the one hand the private ones, where not much is revealed and on the other hand transparent transactions where it is possible to reveal certain data of the transaction operators so that it is applied at the time of an audit, if necessary.
It should be noted that it also has a transaction expiration system, this means that if the transaction we carry out does not finish materializing in an estimated time, it is canceled but the amount of the operation is returned to whoever was sending it, without the fear of losing what was sent in that operation.
Pros
- Decentralized and open source.
- Privacy as the main feature.
- Low-cost transactions.
- Private and transparent transactions.
- Expiry of the operations in a certain time, protecting the amount sent by the issuer.
- Selective transparency of transactions.
Cons
- On the other hand, although it has all these details, one of the not so positive characteristics of this project is that it is presented as a currency where the opening is not present, causing some mistrust in many possible users.
