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Review on Zcash by Redefined Enterprise
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced…
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users. The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016. The founder and CEO of Zcash Company is Zooko Wilcox-O'Hearn. Great, but not so great compared to what the market has to offer in terms of security and preserving peoples privacy
Pros
- It anonymizes the identity of people and the amount of the transaction.
Cons
- Efficient Zero-knowledge proofs require an initial set-up that generates a private key for the system, which Zcash claims to have destroyed. However, if it exists then it can falsify transactions.
