Review on Zcash by Classic Diamond
Zcash is one of the cry pro currencies that have returned more than 100% investment despite the lows suffered.
IN such a competitive world of cryptos, very few currencies like Bitcoin, Dash, Dogecoin and Ethereum have stamped their presence. Zcash is one of those cryptos ...
It is also a popular cryptocurrency, mainly because the developing company is focused on privacy. By being designed with ASIC resistance, the coins can't be mined with ease, but their value is not as fragile so therefore it's great for long-term plans.
The development of Zcash dates back to the creation of ZeroCash cryptographic protocol, which was supposed to become a supplement of well-known Bitcoin. The launch of the private ZEC coin attracted a lot of attention. As a result, its price skyrocketed to around $6,000.
SNARKs, which stands for Zero-Knowledge Proofs. ... This makes ZCash different from Bitcoin and other blockchains that make public the amount transferred from one user's real payment address to another user's address.
ZCash is highly undervalued and with its finite supply, there is a huge chance that scarcity will set in soon. Aside from this, ZCash is among the few cryptocurrencies which have returned more than 100% for its investors despite the lows suffered in May. ZCash year-to-date (YTD) currently stands at 108.
ZCash is built on the Bitcoin framework, and, in many respects, is identical to ... users' demands for an open financial system with added privacy features.
- It is a digital currency like Bitcoin in fact it was built on the original Bitcoin base. It provide anonymity for it's users and their transaction.
- Zcash is a long term investment, while the crypto currency may not gain value at the end of the day.
