1 Level
12 Review
9 Karma
Review on Zcash by DAT PHAM DUC
Once you have Zcash, you’ll need a wallet to store it. A number of websites…
Once you have Zcash, you’ll need a wallet to store it. A number of websites offer online wallets including: jaxx.com, cryptonator.com, bitpie.com, coinnomi.com, freewallet.org, and waterhole.io. Online wallets provide convenience but many people recommend you use a desktop or hardware wallet. In addition, the following hardware wallets provide support for Zcash: the Ledger Nano S and Trezor.
Pros
- Zcash is currently preparing for upcoming forks, which will be first such big updates on the network since its creation. The CEO of Zerocoin Electric Coin Company, which develops the network said that "The purpose of this is to get practice doing network upgrades." Such forks are inevitable with any project, and by looking at Bitcoin cases, they might be quite problematic, not necessarily from the technical point of view, but rather when it comes to the community and decision making.
Cons
- Zcash supports two types of transactions – shielded and transparent. Transparent transactions work exactly like bitcoin transactions – they’re visible on Zcash’s blockchain, called Sprout. You can trace a sender, receiver, and the amount sent in a transparent transaction. A shielded transaction has all of the details of the transaction hidden from Sprout – only the fact that a transaction took place is recorded. Shielded transactions and transparent transactions can work with each other, so a transaction can start transparent and become shielded and a shielded transaction can become transparent.
