1 Level
12 Review
6 Karma
Review on Zcash by Loi Tran Quoc
In the summary, I think Zcash is a good way that we can use to protect our…
In the summary, I think Zcash is a good way that we can use to protect our money.
Pros
- Zcash is one of the top privacy cryptocurrencies. The encryption software can prove transactions are accurate without supplying the data in a public way. So we can control our money, without governmental interference and oversight.
Cons
- Zcash uses two different types of address: ‘z’ which are private and ‘t’ which are transparent. Exchanges only use ‘t’ address, main wallet support is for ‘t’ addresses and these addresses result in lower fees. Most users use these transparent addresses making it more obvious which addresses are for private transactions. Furthermore, full privacy is reserved for transactions where both addresses are private. This is quite a serious issue for Zcash as a privacy coin as its private functions are used less and disincentivized.
