1 Level
5 Review
13 Karma
Review on Zcash by Santhosh sandy
There are several better alternatives available in the market for privacy coin.
There are several better alternatives available in the market for privacy coin.
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Pros
- It anonymizes the identity of people and the amount of the transaction. The miners only receive a hash produced from a zero-knowledge proof that is only verified if the person sending the transaction has enough and is not double spending.
Cons
- Efficient Zero-knowledge proofs require an initial set-up that generates a private key for the system. Zcash claims to have destroyed that private key. However, if that private key exists then it can be used to falsify transactions ruining the system.
