Review on Zcoin by Syed Adnan
Sigma Protocol, Private Transactions & Much More.
From having the code based on Bitcoin's original code, ZCoin sees some benefits as it makes it easier for the project to implement the changes that Bitcoin makes. And the anonymity factor is certainly a big thing, especially in countries such as China, where privacy is hard to find.
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There is a good possibility that Western countries will begin to control cryptocurrencies that privacy will become increasingly important throughout Europe and the United States.
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Some people complain about the inclusion of founders' rewards at ZCoin, but there are other cryptocurrencies that have implemented similar features.
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After all, the development team needs funding if they want to continue working at ZCoin, and Insom itself acknowledges that the reason for Vertcoin's stopping him was lack of funds. By the way, there is not one more year until the Founder's Award, and I have been betting for five years from now that no one remembers the organization's award.
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Pros
- Zcoin operates on the Bitcoin network and is implemented as an extension of the existing Bitcoin protocol. This implies that zcoin could be transferred without the central currency's issuer or bank assistance.
- Cash systems largely rely on the distribution of user-specific removals within a group of parties. This method works until all parties are fully available. If there are a few nodes offline, the "service disallow" issue may occur. When it comes to zerocoin, distribution is among all bitcoin peers which ensures that some nodes are compromised even when the system is available.
- Users also pay each other the convenience of paying directly with an efficient cryptographic protocol that not only hides the source, but also the amount of payment.
Cons
- I haven't identified any clear cons with ZCoin.
