Why Zcash?

in #zcash6 years ago (edited)

What Makes Zcash an Ideal Cryptocurrency?

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The Funding Model

A technical team of 27 is employed with 2.5 Zcash per block found in the chain. The miners are supporting the developers with a share of the block reward.

Encrypted Blockchain

Only so many people know Satoshi was not able to figure out how to encrypt the fabled Bitcoin Blockchain, this is perhaps the greatest improvement the Zcash developers have revised in their rendition of the equihash algorithm.

Bullet Proof STARKs

The revolutionary SK SNARKs has a planned upgrade to al STARKs. It will reduce the risk of the secret key exploiting the blockchain to produce counterfeit Zcash.

Zboard

Zboard is a message board posted to the blockchain, this includes the use of sheilded addresses allowing users to make their own private groups without others ever allowed to see what is in them.

Zcash is Not Vulnerable to CSV-2018-17144

Potentially the largest vulnerability in the Bitcoin core codebase was not present in the Zcash codebase when verified by the developers late 2018.

Encryption Ceremony

Six anonymous Participants were selected at random to create predesignated parts if a private key to be later assembled at "The Ceremony" where a trap door was established to prevent any sort of penetration of the cold storage stored Secret Key. This key is critical to the cryptography being the equihash blockchain.

Sheilded Addreses

Unique to the Zcash Blockchain is the ability to utilize encrypted addresses known as Sheilded addresses. They keep your balance private and out of the public eye for ultimate privacy.

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