Review on Zcash by Huseyn Akberov

ZCash (ZEC) is a cryptocurrency primarily focused on private transactions on an open blockchain. Originally a fork of Bitcoin, ZCash was launched in 2016 with the goal of providing selectively transparent transactions that prioritize anonymity. ZCash uses a zero-knowledge proof structure called zkSNARK to encrypt these transactions. This system is used to ensure complete security and anonymity of the parties to the transaction.

Zcash is a decentralized open-source crypto currency that provides privacy and optional transparency for transactions. Zcash payments will be published on the public blockchain Senders, recipients, and transaction amounts will be kept private. The password currency was created with the Bitcoin core code, but there is no chain fork. The zkSNARK protocol was developed in 2014 by reputable institutional scientists including Johns Hopkins University, MIT (Massachusetts Institute of Technology), Technology Israel Institute of Technology and Tel Aviv University. Through the zkSNARK protocol, users can send password money in the same way as Bitcoin, while maintaining a higher level of personal information protection and security. Using this protocol, the network can develop and maintain a secure balance director who somehow does not expose the parties participating in the transaction. The Zcash Foundation's mission is to ensure security and privacy by providing an additional layer of security to the crypto world's major currencies. The creators of Zcash were aware of the privacy concerns of cryptocurrency blockchains. For example, in the Bitcoin network, all transactions and addresses are public. The blockchain’s lack of privacy means users can see how many transactions they have made, including the exact amount of bitcoins someone holds or the amount of bitcoins transferred in each transaction. I'm thinking of using the Zcash encryption algorithm zkSNARK to solve this problem. zkSNARK allows you to send Zcash without passing your ID to anyone else on the network. Then people can keep their transactions private at all times.

Zcash can be used in several services on the Internet. Various companies are implementing Zcash as a payment option on their websites. Zcash can be used as a store of value or to write value to others around the world. The main reason to use

Zcash is because it is a very private and secure coin. Zcash is a good choice unless everyone can see all the deals. In addition to ensuring complete privacy protection and security, you can use Zcash to send coins to the other side of the world in seconds.