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Pedro O. Alvino M. photo
Venezuela
5 Level
886 Review
1576.5 Karma

Review on Zero by Pedro O. Alvino M.

Revainrating 4 out of 5

Anonymous, secure and decentralized private network

Based on creating a privacy cryptocurrency that offers a higher bitcoin speed with more accessible rates, they are the characteristics of the Zero project since it has a unique algorithm, Equihash 192/7, in which its operating requirements are not very high , where the project also does not have an ICO or currency pre-sale, in which there is no advantage for the first people who bought or mined Zero.

Thanks to the zk-SNARK technology, it allows protecting the privacy of its users when managing some type of payment with Zero. In addition, being a decentralized network is resistant to PoW ASIC, expanding even more advantages in the concept of mining in most of the Block rewards are earmarked for the mining network with more than 70% and as for the Zero node network only 20% a big difference for those who contribute to the Zero node network.

The current market has been presenting a large number of projects where one or the other has certain privacy characteristics, creating minimal risk for the project, since a decline may occur due to the large number of currencies with similar short functions, where those The main ones such as Zcash, Monero, among others, will stand out, although it is worth noting that they did not underperform in terms of market capitalization and daily trading volume.



Pros
  • Composed of a decentralized anonymous network.
  • Developed from Bitcoin's security and Zcash's anonymity
  • Composed of a large number of nodes by the Zero community.
  • The hardware requirements for node processing on the Zero network are not very high.
  • Integrated with zk-SNARK technology.
  • Transactions on the network are almost instantaneous and the cost of the fee is very low.
  • Created from a group of expert engineers specialized in security.
  • Your currency is listed in various exchanges
  • It does not have an ICO or previous pre-license.
Cons
  • There are already many projects that are based on privacy.
  • Zero nodes rewards only equal to 20%
  • Relatively low community.