Review on Zcash by jose gregorio almarza
My Zcash
Zcash being this known as "ZEC" is a decentralized cryptocurrency that was created in the month of January 2016 with the vision and focus of providing total security, privacy, transparency in your transactions and above all the anonymity of the user having for that one of the top tier blockchain technologies.
The decentralized open source platform of zcash allows the user to have the possibility to view their payments on zcash and on a public blockchain but at the same time hiding the important data of the sender, amount oh recipient making this a totally confidential information.
This cryptocurrency was elaborated with the bases of the great bitcoin but it also has its own blockchain.
Having a wide difference from bitcoin is that this cryptocurrency was designed to be private and completely anonymous, this being achieved thanks to the efforts, protocols and zero knowledge "ZKP".
All this system has managed to make it possible for transactions to be confirmed without obtaining additional information from the authors. Making the use of this cryptocurrency anonymous.
One of the most resulting features of this platform is that zcash has two different types of transactions, these being private and transparent, which should be noted once again that private transactions are not visible, while on the other hand, transparent transactions. Yes, but in the same way, both types of addresses are interoperable.
Pros
- excellent very secure coin with fully perfected anonymity
- It has a blockchain that allows to regroup transactions by making them public but without revealing amount or other personal data.
- It is a very commercial cryptocurrency based on the bases of the great bitcoin but very different, with its own blockchain and totally private.
Cons
- None
