Review on Zero by Benaiah A. Akinlade
Reviewing the gradual rise and fall of ZER
Zero (ZER) is a cryptocurrency introduced in 2017. It is decentralised and it uses a public Blockchain. It is built on an open-source protocol and is based on Bitcoin Core’s codebase.
ZER currently trades on 4 exchanges and available on 5 active markets.
Currently, the trading price for Zero is 1 ZER to 0.1173535 USD.
The top two exchanges trading ZER are bitcoin and tether. It is currently ranked as the 736th cryptocurrency in the world with over 700,000 USD market cap.
Zero payment is both confidential and anonymous like Bitcoin (for security) and Zcash (for privacy) respectively by adopting a technology known as zero-knowledge proofs known as zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge). This technology allows validation of transactions to be completed anonymously.
The trading value of ZER is low for now, but it may have a good future ahead with the recent surge in value of altcoins.
Invest wisely!!!!!
The graph attached shows the gradual rise and fall of ZER over the years
Pros
- Zero provides payment confidentiality and anonymity
- Identity of investors is protected
- Low trading value makes it easy to acquire the token
- zk-SNARKs Technology protects the identity of investors
Cons
- Anonymity of investors can aid fraudulent transactions
- There are many altcoins providing similar services
- Trading value is low
