Review on Zcash by Eve Vallenilla

Both for government institutions, investors and for personal use, privacy in the management of our finances is important, since in our movements we leave a trace of our intentions and of the other people involved in a commercial transaction, which is not always convenient to reveal, since this information could be manipulated in an inappropriate way by third parties.

ZCash is a cryptographic platform whose priority is the protection of data involved in the exchange of digital assets through its virtual infrastructure.

What type of technology or computing resources does ZCash use to keep the information of the users of its platform safe?

ZCash uses the privacy management protocol known as the z-SNARKS test, in coordination with the zero knowledge test, which is responsible for encrypting the information related to a commercial operation, so that it becomes an encrypted message only visible to the two parties involved in the operation (sender and receiver).

The use of this technology was proposed by the valuable team of entrepreneurs, developers and scientists committed to the growth of the ZCash platform.

The anonymity and privacy that the ZCash platform maintains guarantees peace of mind to users, however, many interested in being part of its mining team criticize the 20% tax rate that governs the issuance of new coins and the distribution of said income within network.

ZCash uses the ZEC token to monetize securities exchanges within the platform. These crypto assets are traded on few exchanges and can be acquired using Ethereum or Bitcoin.

We can conclude, that despite the questions and the fee that weighs on the mining of the ZCash coin, this protocol does not lose its recognition as a guarantor of anonymity and private manager of commercial transactions.