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Review on Zcash by Doreen Beich
As Zcash is addressing the most common privacy issues, this digital coin is…
As Zcash is addressing the most common privacy issues, this digital coin is all set to become the next big thing in the world of cryptocurrencies. Additionally, there is word that ethereum is partnering with Zcash—so from this partnership, investors can expect the entire crypto community to become more scalable and configurable in the coming time.
Pros
- Zcash’s hashing algorithm is different from the one used by bitcoins and many other coins like Dash, Ethereum, Dent, Augur, Cardano That is why Zcash’s blockchain is incompatible with specially designed hardware hashes. Also, on average, Zcash’s block time is 2.5 minutes per block; however, the block time of a bitcoin is up to 10 minutes.
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.
