Review on Zcash by Esli Willio
ZCash
Like Bitcoin, Zcash has its own blockchain and works as mining. Zcash transactions are approved by all members of the network and then placed in blocks by the miners, forming a blockchain by joining the blocks. Total zcash coins, like bitcoins, are 21 million coins that have been offered for 131 years. But the difference is in the processing time of the blocks.
The Bitcoin mining algorithm is SHA-256, but the zcash equihash mining algorithm. The address of zcash wallets is divided into two categories. The first category of addresses that start with the letter t, these addresses are transparent, and like the address of Bitcoin wallets, all the details of the transaction and the balance of the wallet address can be seen. The second category of addresses that start with the letter z is a completely private address, which uses the zero-knowledge method to encrypt. By selecting this address, all the details of the transaction, such as the address of the sender's wallet, the recipient, the amount, and the 6, will be hidden. During the transaction, the user selects which address to use.
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Pros
- zero-knowledge method
Cons
- Due to the algorithm used in zcash, high RAM is required to mine it
