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Review on Zcash by Niklas Dreher
Over the past few months, an increasing number of cryptocurrency enthusiasts…
Over the past few months, an increasing number of cryptocurrency enthusiasts and investors have cited the importance of ZCash and its potential impact on the ecosystem of digital currencies in terms of privacy and anonymity. However, there exists a relatively large community of experts and users that aren’t convinced of the ZCash hype train. I think you should find out very well
Pros
- n the pre-digital currency world, both individuals and enterprises could justifiably assume that their financial transactions would be kept confidential. With Zcash, users can enjoy the advantages of using a public blockchain, while still being sure that their private information is protected.
Cons
- More issues are unravelled in the actual mining phase of ZCash, in which the group of 6 corporate members take a 10% perpetual devmine to fund their operations. While some supporters attempted to justify this mechanism by comparing it to Initial Coin Offering (ICO), it still demonstrates a substantially high level of centralization when compared with the pre-mining and deployment phases of bitcoin and other anonymous coins like Monero.
