Zcash (ZEC) - cryptocurrency review
Zcash (ZEC) - cryptocurrency review

Zcash (ZEC)

Rank: #24

Our Review
7
Real-world utility
5
Market Cap
6
Investability
decrptd review 6 / 10
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Zcash Review

Zcash is a cryptocurrency created in 2016. It’s CEO, is Zooko Wilcox-O’Hearn – a computer security specialist from Phoenix, Arizona. Wikipedia’s description…

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Zcash (ZEC) – cryptocurrency review


Zcash is a cryptocurrency created in 2016. It’s CEO, is Zooko Wilcox-O’Hearn – a computer security specialist from Phoenix, Arizona. Wikipedia’s description of O’Hearn is revealing insomuch as it desribes him as a ‘peer-to-peer hacker’.

Unsurprisignly then, Zcash aims to place privacy controls firmly in the hands of people making the transactions. “Transactions are auditable but disclosure is under the participant’s control.” This means that people initiating transactions can choose whether the sender, receiver, and amounts are identifiable or not, thus giving individuals the abiltiy to decide whether transactions are auditable and compliant with whatever regulations might come in the future.

This places Zcash in the middle of the privacy spectrum: coins like Monero intentionally protect all transaction details, while others stand firm on the principles of ledger transparency and provide no privacy at all. Only time will tell how this ‘user-deterimned’ privacy control affects Zcash adoption.

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