Review on Zcash by Joseph Miller
At the core of Zcash technology are zero-knowledge proofs, which allow…
At the core of Zcash technology are zero-knowledge proofs, which allow transaction data to be validated without revealing information about the amount and the parties involved. Zcash uses specific zero-knowledge proofs called zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge).
Zcash is built on strong science and audited meticulously by third parties. It is an open-source protocol, built by a security-specialized engineering team, and originally based on Bitcoin Core's battle-tested codebase.
Pros
- Shielded Zcash transactions are completely private. Like Bitcoin, Zcash transaction data is posted to a public blockchain; but unlike Bitcoin, Zcash ensures your personal and transaction data remain completely confidential. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount. Selective disclosure features within Zcash allow a user to share some transaction details, for purposes of compliance or audit. Zcash also allows for transparent transactions, to accommodate for wallets and exchanges that don’t support private transactions. Zcash addresses are either private (Z-addresses) or transparent (t-addresses). Z-addresses start with a “z,” and t-addresses start with a "t."
Cons
- Not much activity needs more P.R.
