Hello everyone, it's nice to meet again this week, this time I will try to complete the assignment from the professor @levycore . The task this time is very extraordinary, I am very excited to do it.

Privacy Coins

Basically privacy has a meaning where protection or security is important for everyone, especially about information for themselves.
Privacy Coin is a variant that is incorporated in altcoins where they specifically have privacy features as their main goal. This pivacy coin has put forward a safer transaction method for users where users can make transactions without being tracked and can also be protected.

in the early days of crypto which was started by bitcoin privacy was minimal where other people could still track and reveal the identity of the transaction. Therefore, in 2014 new ideas and creative innovations emerged about this privacy coin and of course after going through various debates until this privacy coin is realized.

Choose a Privacy Coin and perform a fundamental analysis of the coin in detail.

This time I chose zcash coin where I will try to explain it in my way in detail and briefly.

ZCASH

A Brief History of Zcash
Precisely in October 2016 through a developer named zooko wilcox. wilcox is a big fan of bitcoin but he doesn't like transparent transactions on bitcoin. until he decides to do a breakthrough where he wants to create a blockchain that allows everyone to make transactions in privacy and this is zcash.

In order for his dream to come true Wilcox made a new breakthrough where a change through the bitcoin code to ensure that this is not just a new breakthrough but more private than bitcoin in terms of transactions and also faster.

What Is Zcash

Source
Zcash or commonly called zec is a digital asset that has a transaction process in privacy. If in the transaction process contained in bitcoin we can see it transparently this is very different from zcash.

To overcome some of the problems that currently exist, Zcash tries to solve them with the previous technique where the technique will later be developed again by zcash. The technique is zero-knowledge-proof where the method used in this technique is a proof for someone so that he can prove that he has important data without having to tell others about the data. later zcash will collect similar techniques into a team called zk-snarks. These things are what will be combined into 1 big project called Zcash.

How Zcash Works

Source
As we already know that Zcash has a main goal where privacy in terms of everyone's transactions is very important, of course, at a cheap and fast price. The team from Zcash itself has a big hope where in the future they want this system to be a system that can be used by everyone. all the people in the world.

Zcash is a digital currency like other cryptocurrencies. By using zcash which has surpassed several other cryptocurrencies, zcash has the advantage of controlling every information that is shared and all of that gets full privacy for you.

Describe the steps in creating a wallet for the Privacy Coin of your choice.

1. The first step you have to do is go to the playstore then download the zcash wallet.

2.The second step after a successful download you must log in with several available ways I chose to login using google.

3.The third step after logging in using Google you must provide a security pin for your account.

4.The fourth step to be more secure you also have to provide a fingerprint

5.The fifth step is to write your name and register.

6.In the last stage you are already in your zcash wallet and you can use it for transactions.

Xplain the reason you chose the Privacy Coin. (State the advantages and disadvantages)

The reason I chose zcash is because it has a main goal where privacy, speed and low prices in making transactions make zcash a coin that has its own differences.

The importance of privacy makes me very interested in this coin because privacy in transaction matters should not be known by outsiders or any party. zcash's great hope to show their privacy system to the wider community is very good.

Advantages of Zcash

1. Zcash is designed for the convenience of users in conducting transactions, the privacy of users is a priority for zcash.
2. Easy and cheap transactions are an advantage for zcash where everyone doesn't need to be afraid about the price and speed that zcash has.

Disadvantages Of Zcash

1. Limitations in currency services make zcash have shortcomings that must be corrected immediately.
2. Not only in terms of limited currency services, in terms of availability they also only provide it for certain countries.

Conclusion

From some of the things I have explained above, I will try to draw conclusions to make it easier for readers to understand my writing.

1. Privacy Coin is a variant that is incorporated in altcoins where they specifically have privacy features as their main goal. This pivacy coin has put forward a safer transaction method for users where users can make transactions without being tracked and can also be protected.
2. Precisely in October 2016 through a developer named zooko wilcox. wilcox is a big fan of bitcoin but he doesn't like transparent transactions on bitcoin. until he decides to do a breakthrough where he wants to create a blockchain that allows everyone to make transactions in privacy and this is zcash.
3. Zcash or commonly called zec is a digital asset that has a transaction process in privacy. If in the transaction process contained in bitcoin we can see it transparently this is very different from zcash.
4. Zcash has a main goal where privacy in terms of everyone's transactions is very important, of course, at a cheap and fast price. The team from Zcash itself has a big hope where in the future they want this system to be a system that can be used by everyone. all the people in the world.
5. The reason I chose zcash is because it has a main goal where privacy, speed and low prices in making transactions make zcash a coin that has its own differences.
6. Having advantages in terms of privacy as well as convenience and speed in dealing with transactions, the zcash filter has limitations in number and is only available for certain countries.

Sorry if there are words and writing that are wrong, if other friends want to comment, please comment in the comments column below.

Thank you for reading my writing, see you in the next assignment.

Best regards @karimjz

CC:
@levycore