Review on Zcash by Olugbenga Ajayi
Zcash a good currency alternative
Zcash is an implementation of the zerocash protocol which is based on Bitcoins code. The major goal of zcash developers is to provide a far higher standard of security and privacy through a sophisticated zero- knowledge proving scheme that preserves confidentiality of transaction metadata. it is similar to Bitcoin by design. I see it as a software clone of Bitcoin this is because it's original code was copied and modified to provide a more secure and privacy enhanced digital currency alternative to Bitcoin. Zcash pprotocol has two addresses namely public or transparent private or shielded addresses.
Pros
- It validates transaction without giving details about the address of the sender or receiver
- It enhance privacy across all dimensions of a transaction.
- Zcash is ASIC resistant
Cons
- Legal issues do arise because there is no way users can be traced even when zcash is used for fraudulent purpose
- Zcash can be mined through only CPU
