Review on Zcash by Raul Leon
Zcash.
Zcash is a cryptocurrency based on a decentralized Blockchain, which has as its main characteristic of making transactions more private and anonymous for the security of users who are affiliated with the Bitcoin blockchain. On this platform, transactions made through ZEC (Zcash token), are published quickly on a public Blockchain, but unlike other Bitcoin Zcash platforms, it allows users to selectively disclose private information. In this platform, Zcash offers users different keys, among which it is known as a "view key" and an "expense key" where the first one is used so that users can see information and verify it quickly as well as their operations. While the latter is used to spend funds and assets, while the latter is used to spend funds, the former is used to allow some people to view private information about their transactions.
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Pros
- It guarantees users to keep information on operations and transactions in total privacy.
- It is aimed at large companies and organizations which require a high level of security.
- It is a completely decentralized platform.
Cons
- Its platform is so complex that many of the users with little knowledge cannot use it.
