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Review on Zcash by Samuel Clintoc
I like Zcash, but I find the fees for the mined coins too big. It is a goodβ¦
I like Zcash, but I find the fees for the mined coins too big. It is a good project I would gladly invest in though..
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Pros
- 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.It anonymizes the identity of people and the amount of the transaction. Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University. Roger Ver was one of Zcash Company's initial investors.
Cons
- A US company is behind Zcash and the company has imposed at the code level a 20% tax on all coins mined to pay for developpers and provide returns for investors. 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.
