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Venezuela, Guatire
1 Level
364 Review
1267.25 Karma

Review on Zero by Gabriel Medina

Revainrating 4 out of 5

Brilliant science at Zero

Zero is a cryptocurrency originally developed by Zeroshi. He left it up to the developers and the community. Being based on the ZCash cryptocurrency, it offers totally confidential payments while maintaining a decentralized network using a public blockchain. Combining the security of Bitcoin and the anonymity and privacy of Zcash, Zero enters the competition in the world of cryptocurrencies, making it an excellent choice for usability.
Means
  • Decentralized and Global: Zero's network is decentralized and is maintained by nodes around the world.
  • Fast and inexpensive: when Zero's network is below its maximum capacity, the rates are reduced to 0.
  • Anonymous and secure: Zero uses zero-knowledge proof technology, called Zero-Knowledge Non-Interactive Succinct Knowledge Arguments (zk-SNARK) that enable transaction data to be validated without revealing information about the value and the parties involved.
  • Shielded Transactions: Zero crypto addresses are divided into private and transparent addresses.
  • Conclusion
    Zero is a good cryptocurrency for those seeking privacy and anonymity. However, it can also be used for daily transactions due to its extremely low fees, which can be as low as 0. Its transaction time is relatively short and confirmed in no time. The lack of premine shows that developers want more justice among currency users. As for mining, I don't like it very much, because as reported, it damages the environment with excessive energy consumption, as it is not ecological.

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    Pros
    • It runs on an anonymous, private, secure, and decentralized network maintained by ultra-fast nodes run by the Zero community.
    • Transactions are completed instantly which makes it faster than any other major cryptocurrency.
    • It uses zero knowledge cryptography and implements the zk-SNARK technology for which it is fully protected.
    • The Zero team offers wallets for all major operating systems: Windows, Linux, MacOS, Android and iOS.
    Cons
    • The distribution of this cryptocurrency is relatively low.
    • Unfortunately there are already too many projects that are based on what is privacy and anonymity.
    • He lacks a little more support and growth in his community.
    • Not very environmentally friendly, despite being ASIC resistant, mining itself is harmful to the environment, in my opinion, due to the high energy expenditure in the act of mining.