Zcash represents an early-stage digital cash network that combines Bitcoin-grade technology with compliant privacy features, offering fast and cheap transactions while protecting user balances from public display and regulatory scrutiny; however, its current lack of network effects—insufficient users and merchants—means it requires cautious, strategic investment similar to Bitcoin's early development phase.
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Is Zcash the next big breakthrough in digital cash?追加:
So, here it's worth placing some early bets.
Right now, my first early bet is on Zcash.
Why? Because it has all the qualities we have for a digital cash network.
It's fast, it's cheap, it's built using Bitcoin technology, and most importantly, it's compliantly private.
And that means that for one, we won't show our transaction balances every time we make a transaction, and for two, the regulators won't shut it down.
But Zcash isn't a network yet.
It doesn't have enough users using it, and therefore it doesn't have enough merchants accepting it. And so it hasn't got network effects.
In fact, it's pretty similar to Bitcoin in the early days.
Before Bitcoin became a network.
And so that's why in this case, you got to place a small bet.
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