Review on Zcash by ava sandres

Name: Zcash
Item: Zcash
Rating: 2

May 10, 2020

zcash is bitcoin fork

zcash is an open source encrypted cryptocurrency created in response to the problems of the Bitcoin network. This cryptocurrency uses the same bitcoin algorithm, but has improved its performance to some extent by using semi-transparent processing capabilities. Simply put, the platform avoids the extreme transparency of Bitcoin's blockchain and only exposes users' trading data if they choose to do so.
Since Zcash is a Bitcoin fork, its total supply is the same as Bitcoin's and is 21 million ZEC units. At the time of writing, based on the available data, Zee Cash, with a total market value of $ 217 million, is ranked 31st among cryptocurrencies.
Zcash uses an asymmetric proof proof algorithm called Equihash. This algorithm is known for its resistance to ASICs, security, and privacy. ASIC resistance prevents the extraction process from concentrating. The memory required to extract Zcash is more than what most cryptocurrencies need; however, the Equihash algorithm allows for quick verification of transactions on the network. It should be noted that the time to create each block in zcash blockchain is about 2.5 minutes.
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Updated 3 years ago

Rating changed from 3 to 2

At the time I wrote my review of this currency, zcash was still well known among cryptocurrencies. But now the reputation of this project has dropped sharply, which has reduced its ranking in terms of market cap. The project needs new updates on its blockchain network that can continue to compete with new advanced networks.
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Pros

zcash is not only a privately-encrypted cryptocurrency, but also a platform that respects the freedom of individuals by giving them the opportunity to choose between privacy and transparency for any transaction.

Cons