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What is ZCash (ZEC)?

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
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