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Review on Zcash by Marko Probst
Zcash is a decentralised peer-to-peer cryptocurrency that provides users with…
Zcash is a decentralised peer-to-peer cryptocurrency that provides users with highly sought after privacy options. Originally, it was forked from the Bitcoin blockchain and shares the same tried and tested network as well as a limited supply of 21 million coins. Unlike many other cryptocurrencies, there is a company behind Zcash called the Zcash Company, where 10% of all Zcash that is mined within the first four years is given to company stakeholders until the year 2020. So you can trust to invest in it
Pros
- Notable team: Zooko Wilcox is the CEO of Zcash. Wilcox is an American computer security specialist and the CEO of Least Authority Enterprises, a manufacturer of freedom-compatible technologies. Alessandro Chiesa is a computer science faculty member of UC Berkeley and the co-founder of ZCash. Chiesa is well known for his research in zero-knowledge proofs and is a lead author at Libsnark, the library of zk-SNARKs proofs language. Vitalik Buterin is the founder of Ethereum and an advisor to the Zcash project. Buterin was quoted by CIA whistleblower Edward Snowden for praising the brilliance of zk-SNARKs technology.
Cons
- Angel investor, Quant trader and bitcoin expert Peter Black particularly criticized the centralized control of ZCash as a cryptocurrency as it contradicts the basic notion of digital currencies in general, in that most, if not all operations must be completed in a distributed environment.
