Review on Zcash by Nguyen cuong

Name: Zcash
Item: Zcash
Rating: 4

August 28, 2018

The realization of this innovation was possible due to the special proof of…

The realization of this innovation was possible due to the special proof of construction called zk-snark. The zk-snark cryptographic technology is checking the validity of information without publishing any confidential details. Because of marketplace’s totally unsecured system, the private key of each user isn’t actually too private. The user’s addresses can be viewed by other partners or marketers. Fortunately, Zcash encrypted all the transactions details. It is an innovative cryptography that changed the way a blockchain is seen
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Pros

Zcash offers selective transparency. Zcash is GPU mined to prevent centralization Potentially more effective governance. Zcash offers exclusive privacy features. Zcash has an impressive block-time of 2.5 minutes

Cons

Centralization of the digital asset 20% tax on all coins mined to pay for developers and provide returns for investors. Anonymity of transactions encourages its illicit use