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Review on Zcash by Breaker Ben
ZCash was founded by Zooko Wilcox-O'Hearn in October 2016 in an attempt to…
ZCash was founded by Zooko Wilcox-O'Hearn in October 2016 in an attempt to solve the problem of an open financial system that Internet users are looking for. Bitcoin is a pioneer in an open financial system, and ZCash strives to maintain the same structure, but with intimacy and functionality. Fungity is the ease with which a product can be replaced by another, which is important in the cryptographic world, because it ensures that the user's currency is not worse than another.
Pros
- ZCash is a cryptocurrency with a decentralized blockchain that offers anonymity to their users and transactions. As a digital coin, ZCash responds to Bitcoin in many ways, including the open source feature, but their major differences are in terms of confidentiality and functionality, each offering. The ZCash currency code is ZEC
Cons
- One of the limitations of zcash is the ability to view user transactions with a view key. That option shouldn't have been created as we know government might force the zcash developers or the wallet owner to reveal it's view key which will now defeat the main purpose of the project.
