The global inception of cryptographic currency has contributed in a big way to the world economy and is a great alternative for traditional investments of every form. Different platforms have so long been busy discussing the significant upgrades and the onset of the new Blockchain applications in the crypto space that may bring forth a decentralized solution for online miners. Zcash, one of the latest models of Bitcoin Chain that was launched in October 2016, is a hidden and private channel that helps you make direct payments to your peers without divulging the amount, origin or location of the transaction. Ethereum, on the other hand, operates on a decentralized platform which stores data, executes smart contracts and expedites services of the global economic market.
Both Ethereum and Zcash operate on a digitized and decentralized platform, but that is the only similarity that these two payment networks share. The differences are many, as both have different structures and have set different aims in the Blockchain community. The innate differences of these two, do not, however, stop them from working together to change the destiny of decentralized applications.
Zcash features the Zero cash protocol and has been formulated mainly as a resolution for Bitcoin's lack of privacy. Zcash works on an end-to-end encryption platform that makes sure that the user's payment history remains hidden from all vying eyes.
User anonymity broadens the scope of safe online payments on Zcash, which is otherwise based on the skeletal structure of Bitcoin technology barring a few differences, such as
Ethereum is the second largest payment network after Bitcoin and comes with the smart contract feature that can change the fate of world economy. Initially, creating Blockchain applications was a hard-hitting job and required cryptography, coding and mathematics. Ethereum has changed the way the world sees cryptocurrencies and is known for some of its major application features which include:
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