1 Level
11 Review
21 Karma
Review on Zcash by Adalson Jnr
Zcash’s open cryptocurrency project uses a zk-SNARK protocol. This is a new…
Zcash’s open cryptocurrency project uses a zk-SNARK protocol. This is a new cryptographic zero-knowledge proof protocol that ensures privacy, anonymity, and fungibility of Zcash coins.
However, privacy and anonymity are not implemented by default in Zcash, as it also has a transparent transaction functionality like Bitcoin.
Pros
- Privacy, anonymousity, and peace of mind that one wouldn't get detected when transferring out a huge amount of Currency on the blockchain.
Cons
- Less option to probe users in cases of theft and mal-usage of technology.
