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Review on Zcash by Stephan Abt
Zcash is all about privacy. It is a decentralized and open-source…
Zcash is all about privacy. It is a decentralized and open-source cryptocurrency. Unlike Bitcoin that allows all its users see all the transactions that have ever happened within the network, Zcash allows you to fully protect the privacy of your transactions. This is the improvement that the project adds above bitcoin.
Pros
- The team that stands behind the project consists of experienced software engineers and technical scientists. It’s quite huge and reliable and they have all the chances to fulfill all their goals.
Cons
- One major limitation of ZCash as a “decentralized” and “private” cryptocurrency is the centralization of its foundation and development team, which have formed a US-based company to legally conduct all of its operations. Such centralization of developers and network operators have earned the cryptocurrency a title of a “corporate coin” amongst developers and cryptocurrency enthusiasts, primarily because of the possibility that law enforcement or government agencies may manipulate and abuse power to influence the development of ZCash.
