1 Level
12 Review
4 Karma
Review on Zcash by ikrar nusa
It uses about 8 GB of RAM to run the program and takes minutes to complete…
It uses about 8 GB of RAM to run the program and takes minutes to complete transactions. Therefore it cannot be used on a cellphone wallet at a store checkout. In regards to convenience it uses only a Linux command line without a user interface.
Many features are given up for privacy concerns. Zcash does not support a multi-signature wallet with private transactions. The zero-knowledge proof can only generate a hash for miners to verify from one private-key.
Pros
- It anonymizes the identity of people and the amount of the transaction. The miners only receive a hash produced from a zero-knowledge proof that is only verified if the person sending the transaction has enough and is not double spending.
Cons
- If there is a bug in the program a person might discover a way to generate billions of dollars of coins. That happened with Bitcoin in the early days but was fixed. In Zcash the amount of money being created is kept anonymous for privacy reasons. Thus if a person creates more money that is allowed using a bug it is not easy to find out.
