1 Level
4 Review
36 Karma
Review on Zcash by Thompson Sunday
One unique aspect of Zcash is its selective transparency. Certain transaction…
One unique aspect of Zcash is its selective transparency. Certain transaction metadata in the blockchain is confidential by default, but can be disclosed to specific parties such as auditors or regulators. The ultimate goal is to satisfy both the openness and privacy that social structures require.
Pros
- The most accepted and easy to trade crypto in the current market, with sufficient resources online for everyone to learn more about. Has a large community and unlikely to disappear suddenly or found as spam which have happened to other altcoins
Cons
- The artificial IPO type of launch lead to an inflated trading price where the company investors sold their first coins at a fat profit. From a technical trading perspective, this is bad. 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. This is contrary to the spirit of digital currencies.
