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Review on Zcash by Luca Raven
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! Another advantage of ZCash over Bitcoin is the way miners operate. Although they both use a consensus model called “Proof-of-Work” (POW), the ZCash platform is much fairer.
Cons
- a potential issue that might hurt ZCash in the long-term is that it could be used for criminal activity. This is because it allows people to send and receive funds anonymously, which is perfect for criminals.
