1 Level
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2 Karma
Review on Zcash by Kingsley Morgan
Zcash uses special proof to provide a network called zk-snark - or proof of…
Zcash uses special proof to provide a network called zk-snark - or proof of construction. This allows the network to maintain a balance sheet without disclosing parties or amounts involved in the transactions. This is done by using zero evidence of knowledge - or basically when the person who performs the transaction has the ability to spend an EEK and the values are balanced and not spent before. InBitcoin each full node keeps the balance of what is kept from each address in the UXTO output database or unused transactions - for each transaction being checked to unlock this output
Pros
- Zcash offers private business opportunities for "selective disclosure," which allows the user to authenticate the payment for an audit. One of these reasons is to allow private traders to watch for money laundering and tax regulations. "Events can be considered, but the disclosure of the information is in the control of the participant
Cons
- Zcash has been a major concern for the law enforcement agencies due to it's ability to mask and effectively hide transactions successfully
