Review on Zcash by Pedro O. Alvino M.
great user-friendly privacy project
Zcash, an open source project based on privacy, is very useful for those operators who do not want their transactions to be readable and tracked on the network. A project that is used in the same way as bitcoin that of course with some differences such as the size of the blocks which is larger coming a little more scalability and the advantage of a lower transaction cost faster in the transaction .
The ease of using Zcash is not that complicated, as well as including a wallet address system and also supporting multi-signature verification.
Pros
- Private and lower cost transactions
- It offers two types of addresses, one armored and one transparent
- Supports transactions that require multiple signatures
- Supported in multiple exchanges and wallets
- Supports display keys, which allows the user to enable audits on their accounts
- I do not need high computational performance according to the operation using zk-SNARKs
- Supports the expiration of transactions to reduce the impact of a transaction not extracted
Cons
- Computer resources are needed, which generates energy costs, harmful to the environment
- Great competitors in the market
- Your anonymity lends itself to any type of operation without any measure of its legality.
