1 Level
5 Review
0 Karma
Review on Zcash by Kai Stackhouse
I’ve covered everything from — why ZCash was built, to how it can be used. So…
I’ve covered everything from — why ZCash was built, to how it can be used. So, do you think it has the right specifications to become a global payments system? To be honest, I think it performs much better than Bitcoin, but the developers need to improve on its scalability.
Pros
- the ZCash blockchain can process transactions much quicker than Bitcoin and it is also more scalable. Scalability is important as it means that a blockchain can process lots of transactions at once. I’ll talk about this in more detail later on
Cons
- 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.
