Review on Zcash by Raquel Matos
Zcash a currency similar to Bitcoin but improved.
It is a cryptocurrency created is similar to Bitcoin but with some differences. It operates in a decentralized network protecting anonymity which this feature makes it a great disadvantage since it is not known where the currency previously came from, so it is not traceable the previous information. It is a great currency created in 2013 by Christina Garman, Aviel D. Rubin and Matthew Green. It is a currency that is much faster to create the block with 2.5 min. The commissions or fees are low because it does not require intermediaries.
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Pros
- They have placed a maximum cap of 21 million coins and have achieved creation speed of 2.5 minutes each coin. They can be obtained in 2 ways by mining and exchanging coins on other exchanges. It is a currency that is done in very fast operations No need for intermediaries Works anywhere in the world where digital currencies are approved Commissions are very low.
Cons
- It is that anonymity is protected to such an extent that the funds cannot be tracked and from there the money can be entered illegally to make it legal. Since it does not have any physical backing, there is no guarantee on the currency.
