ZCash uses a protocol called zk-SNARKS to provide anonymity. However, it is currently still possible for analysts to correlate enough information to deduce user identities.
Consensus Method PoW
Current Uses Anonymous transactions
Risk
- Potentially limited market size
- Must implement further upgrades to stay regarded as an anonymous currency
Advantages
- Likely to coexist with other anonymity-centric currencies such as Monero
- Clear utility
