Review on Zcash by Andrea Fried

Name: Zcash
Item: Zcash
Rating: 5

August 30, 2018

While cryptocurrencies are often hailed as “anonymous,” in many cases user…

While cryptocurrencies are often hailed as “anonymous,” in many cases user identity can be traced by following the transaction history on the blockchain. Zcash was born from a project called ZeroCoin, originally geared towards improving anonymity for bitcoin users. Using a specialised form of zero-knowledge cryptography, Zcash makes it possible for fully encrypted transactions to be validated by the network’s consensus protocol. It is worth your while to study
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Pros

Many investors and experts including Dan Morehead of prominent bitcoin venture capital Pantera Capital are optimistic towards the features of ZCash that can cover the limitations of bitcoin. As Morehead outlines, some of them include: Selective transparency GPU mining to prevent centralization Potentially more effective governance

Cons

Zcash ($ZEC) is a corporate coin. digital cash should not be controlled or developed by any single entity, corporation or central bank Concerns of Black and other experts in the field of cryptocurrency towards the centralization of ZCash are rational and just, because it affects the mining phases of the currency.