Holy Grail of Anonymous Transactions? | Blockchain Central

The video explores Z Cash, a cryptocurrency similar to Bitcoin but with enhanced anonymity features. It explains Z Cash's operations, including its mining rewards and transaction types, such as unshielded and shielded payments. The video also addresses privacy concerns, regulatory skepticism, and the controversy surrounding the founders reward. Despite its potential for anonymous transactions, Z Cash faces challenges in maintaining complete privacy and regulatory acceptance.

What is the primary feature that distinguishes Z Cash from Bitcoin?

• Larger block size

• Faster transaction speed

• Higher transaction fees

• Complete anonymity

How often is a new block created in the Z Cash blockchain?

• Every 1 minute

• Every 2.5 minutes

• Every 5 minutes

• Every 10 minutes

What is the purpose of ZK Snark in Z Cash?

• To enhance mining efficiency

• To reduce transaction fees

• To ensure transaction anonymity

• To increase transaction speed

What percentage of Z Cash coins were in the shielded pool as of December 2017?

• Less than 4%

• 10%

• 25%

• 50%

What is a major concern regarding the anonymity of Z Cash transactions?

• High transaction fees

• Increased transaction time

• Potential for illegal use

• Limited coin supply

What portion of the mining reward goes to the Founders Reward in the first four years?

• 30%

• 20%

• 10%

• 40%

What is one of the criticisms of the Founders Reward system?

• Lack of transparency

• Slow transaction speed

• High transaction fees

• Potential misuse of funds