Review on Zcash by Lena Schneider

Name: Zcash
Item: Zcash
Rating: 5

August 30, 2018

Because of marketplace’s totally unsecured system, the private key of each…

Because of marketplace’s totally unsecured system, the private key of each user isn’t actually too private. The user’s addresses can be viewed by other partners or marketers. Fortunately, Zcash encrypted all the transactions details. It is an innovative cryptography that changed the way a blockchain is seen.
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Pros

– The enterprise was funded by private investors, this means that we can exclude the situation where the blockchain is manipulated; – Nobody can take the custody on your own tokens; – High security is the main principle of the company; – The platform isn’t built on Bitcoin blockchain, so you do not need to worry about attacks realized on the highest cryptocurrency in the world – Bitcoin.

Cons

Zk-snarks are also very memory consuming, making them impossible to use on mobile devices and very slow on a regular computer. So due to it being so unpleasant or impossible to use zk-snarks, they made zcash default to not using it... hence, zcash is insecure as default.