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Review on Zcash by David Kortig
I’ve covered everything from — why ZCash was built, to how it can be used. So…
I’ve covered everything from — why ZCash was built, to how it can be used. So, do you think it has the right specifications to become a global payments system? To be honest, I think it performs much better than Bitcoin, but the developers need to improve on its scalability
Pros
- The main feature that ZCash has is that it hides the identity of both the sender and receiver. In fact, it is so private that the only information you can see is the transaction date and time! Just like Bitcoin, no single person or authority controls ZCash — it is decentralized! Instead, the blockchain is maintained by miners, who earn ZCash coins in return for their time and electric power
Cons
- the system is able to confirm a new block every 2.5 minutes. A block is similar to a container carrying lots of different packages. However, instead of carrying packages, a block carries transactions! This is much quicker than Bitcoin, which normally takes 10 minutes to confirm a block
