Review on Zcash by Temitope Babatunde
If You Love Privacy Use Zcash
Bitcoin is known to be a good coin but with a greater deficiency, that is you can not carry out any transactions in privacy but using the same code like bitcoin Zcash provide solution to this deficiency that is why Zcash is known for its privacy and anonymity. Zcash was developed by Zook and on the Roadmap of Zcash coin it emphasize its operability and scalability.
There is a greater inter relationship between Zcash and Zec coin, while Zcash is the platform the coin for the platform is Zec.
Although blockchain is generally believed to be transparent and opened but when it comes to making financial datas available publicly it can be so controversial, that is why in Zcash ecosystem there is zero knowledge proof where by be you institutions or individuals can read and understand the information that Zcash is sending but will not be able to see the private datas.
Zcash is being traded on major exchanges like Gemini, Binance Huobi etc. When it comes to mining it uses pow and can be mine with cpu or gpu but it is better if it is mine with high performance graphics card like Nvidia.
Pros
- Highly privacy and anonymity coin
- Mineable with cpu, which makes it mining affordable
- It correct the deficiency of bitcoin.
Cons
- Because of its privacy feature it attract those that are doing illegal works.
- With it you can cheat when paying tax.
New products
Comments (2)
May 06, 2020
Zcash coin is currently the 21st largest crypto currency by market cap. It has a fixed total supply 21 million just like Bitcoin
However only about 4.9 million is currently in circulation.
May 06, 2020
Zcash is a global and privacy oriented blockchain. To understand the communicated Zcash info without seeing private data the platform developed so called zero knowledge proofs that help individuals and institution. cash has ability to tweak their privacy settings the way it suit them with the blockchain's sheilded transactions.
