Review on Zcash by gregori cordova
privacy is the strong point of this strong bitcoin competitor
Anonymity is one of the pillars of this cryptocurrency launched in 2016, based on the blockchain, which shares some characteristics with bitcoin, but more advanced. uses a public blockchain, but its transactions are private and confidential, since the amount, the sender and the recipient remain hidden. It shares some characteristics with the Monero cryptocurrency, but it is not as controversial and it is more reliable. the technology in charge of the entire privacy process is called zk - SNARK. 2032 will be the limit to complete the total of coins through the mining process, and today there are many famous mining pools offering this service.
It is a project that since its inception has been very attractive to investors since although it is based on open source it is managed by a company and even Edward Snowden himself has trusted in the success of the project
Pros
- offers an innovative algorithm capable of sustaining the privacy of transactions
- allows low cost transactions
- It is regulated by a company and from the beginning it had a lot of support from the iversionists
- its deadline to produce the last coins is 2032, so there is still a lot of time to take advantage of it
- Although it offers a high level of privacy, it has not been as controversial and unreliable as Monero.
Cons
- its initial price has not been maintained over time and has dropped a lot
