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Zcash (ZEC)

#69

Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users. The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016. The founder and CEO of Zcash Company is Zooko Wilcox-O'Hearn.


Zcash (ZEC) Pros | 2

Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University. Roger Ver was one of Zcash Company's initial investors.

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It anonymizes the identity of people and the amount of the transaction.

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Zcash (ZEC) Cons | 2

a US company is behind Zcash and the company has imposed at the code level a 20% tax on all coins mined to pay for developpers and provide returns for investors.

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Efficient Zero-knowledge proofs require an initial set-up that generates a private key for the system, which Zcash claims to have destroyed. However, if it exists then it can falsify transactions.

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