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Review on Zcash by Ute Krueger
overall, ZCash has performed really well since it was created in 2016 and has…
overall, ZCash has performed really well since it was created in 2016 and has established itself as a top 50 cryptocurrency. In fact, in late 2017, it reached an all-time high price with a market capitalization of over $2 billion! This has since gone down, but it is still worth well over $1 billion.
Pros
- When it comes to fees, the ZCash platform is much cheaper than sending funds with a bank. Although the fees change depending on how busy the blockchain is, it shouldn’t cost any more than a few cents!
Cons
- The issue with this process is, the six individuals that have access to the master private key are the members of the corporate entity. If, by any means, the company gets compromised and the key becomes accessible by individuals outside of the team, the entire network of ZCash could be vulnerable to transactional attacks. Various communities, particularly the Monero community, harshly criticized this centralized mining and deployment process of ZCash as it violated the beliefs and ideals of Cypherpunks and distributed digital cash in general.
