Review on Zero by gregori cordova
a growing project that still has a long way to go
As we already know, one of the main characteristics, which the new projects that come out to the crypto market focus on, is the security and transparency of their transactions. The zero project is one of the many that advocates this premise, and they have managed to create a network where the basic principles in blockchain technology remain: decentralization, P2P technology and open source. A series of very powerful security methods are implemented on its platform, but above all very transparent and not as controversial as in Monero for example. This confidentiality in transactions is achieved by implementing the zk-Snark technology in which you can have 2 types of addresses (z y t). In T transactions, you can share the details of the transaction as it usually happens with bitcoin or ethereum by For example, but in Z transactions the data is encrypted and not displayed publicly. These special features take the good of technologies such as bitcoin and zcash to create increasingly secure and anonymous transactions if the user wishes.
Another important aspect of this platform to highlight is the scalability it offers, when making transactions, since they are usually done in just a few seconds and its rates can be 0.0001 Zer if the network capacity is in its capacity. maximum, or they can be totally null if the network is in minimum capacities, something that is undoubtedly an innovation in the cryptographic market, and that not many projects offer.
Despite being a very young project, created in 2017, zero has been gaining a place in the market, due to its promising characteristics in terms of security and speed of transactions, with very powerful technology that can be audited by third parties in any time due to its open source.
Pros
- Its main advantage is its security system when making transactions with T or Z addresses, which can be chosen to suit the user.
- The speed of transactions is also one of its main advantages
- Transaction fees vary depending on network congestion, and can even be zero.
- It is a pow network maintained by maximum speed nodes that are executed by the Zero community
- Due to its security methods, transactions are untraceable
- You can buy zero in different ways, even with fiat money and Paypal, which makes it a good option especially for users in Latin America who only have electronic wallets.
Cons
- This cryptocurrency is not available in many exchanges
- they do not have a large number of followers on their social networks and it is not a well known project
