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Review on Zcash by Anke Baum
The main purpose of ZCash is to allow people to send and receive funds quickly…
The main purpose of ZCash is to allow people to send and receive funds quickly, cheaply and most importantly — privately. In fact, the ZCash team hope that one day it will become a global payments system used by people all around the world. I think it good project
Pros
- Every ZCash holder has access to their very own view key, which allows users to reveal transaction data. This view key can also be shared with other users such as regulators or law enforcement, which would allow them to audit transaction history. However, the user would need to voluntarily agree to this, which a criminal probably wouldn’t.
Cons
- A further issue that might prevent the value of ZCash growing is its potential to scale. I mentioned earlier in this “What is ZCash?” review that the blockchain can process more transactions per second than Bitcoin. But it is still only able to achieve between 6 – 26 transactions per second.
