Review on Zcash by Oludunni Oluwafemi
Zcash has high level of security.
Zcash digital currency have high security in transactions and also protect users privacy. It allows users to hide data while using a global blockchain, such as the sender's, receiver's information and amount transferred are all kept confidential.
Zcash supports fast transactions with a low fee. It also supports a large number of wallets and top exchanges.
Zcash uses proof of work algorithm and this allows the mining to stay decentralized.
Pros
- It has a high level of privacy
- Users can use it for audit purposes
Cons
- It is not that popular
- It gives room for people doing illegal work due to it privacy
New products
Comments (2)
May 22, 2020
Zcash uses zero knowledge proof to make, users can make transaction without showing or revealing any information that could endanger or exposed them. It is a crypto currency that built on decentralized blockchain and it try not to reveal users identity and their transactions.
May 22, 2020
ZCash is a cryptocurrency aimed at using Cryptography to provide enhanced privacy for it's users compared to the others crytocurrencies such as Bitcoin. Like Bitcoin, ZCash has a fixed total supply of 21million units
