The era of traditional banks is ending, giving way to the non-custodial digital ecosystem, and those who position themselves best to adopt ideal currencies will be one step closer to the desired financial independence. Preserving money in a non-custodial manner is power, and the ability to move it at any time is an essential condition for those who value their money.
The possibility of using money as one sees fit and for the benefit of humankind is the great feeling of possession, and the non-interference of third-party entities is an additional gain. When we add privacy and anonymity to the equation, we are certain that money is safe.
However, the challenges are still significant, and people need to seek the currency that best satisfies them and aligns with their values. In my particular case, a decentralized digital currency must follow some basic fundamentals, such as transaction speed, reduced fees, security, privacy, and anonymity.
These conditions, for example, lead me to use Bitcoin Cash daily because, in addition to being a low-cost transaction currency, it can also be used with increased privacy, here with the use of masking techniques designated
However, I am not a locked door that cannot develop new habits, and recently I have been using Zcash more because it has solid fundamentals behind it. These have led me to research more and integrate deeply into the Zcash ecosystem, after all, it is the decentralized digital currency focused on privacy and anonymity with the same codebase as Bitcoin.
For the times we are entering with the emergence of evolutionary techniques in the digital space such as artificial intelligence, privacy even in the decentralized ecosystem will be increasingly less, as this intelligence can be used to track wallet addresses associated with individuals and compromise overall security with very negative repercussions.
Cryptocurrencies like Zcash are well positioned at the forefront to protect users' finances by default.
I consider Zcash my Swiss bank, this country is globally recognized for its laws and commitment to maintaining customers' financial information confidential. Zcash was developed to offer enhanced privacy and security to users, increasingly making it an indispensable currency for those who value discretion and anonymity.
Today I will analyze Zcash from within and bring to light the reasons that place it well positioned to be the choice of investors and users who value and want to protect their privacy when moving money online:
Zcash's key feature is zero-knowledge proof, a sophisticated encryption technique that allows users to verify transactions without revealing any sensitive information. This means that those involved in the transaction can send and receive money without disclosing any data or even address history.
It is an indispensable tool for those who value privacy and do not wish to disclose their financial history. Transactions on the network are low-fee and have excellent speed, making it ideal for those who value daily transactions and for investors who move money constantly.
A practical use case of Zcash can be exemplified using a company that values privacy and wishes to keep financial transactions private. They can use the currency to make payments to suppliers without revealing details to anyone outside the company. This can help protect the company's financial information from competitors and prying eyes.
Also, high net worth individuals often have sensitive financial information that they wish to keep private. By using Zcash, they can make transactions without disclosing any details about their account balances, transaction history, or financial activities.
This can help to protect their financial privacy and keep their personal and business finances separate.
Zcash can be used by businesses to make secure transactions that are resistant to hacking and fraud. For example, a business that operates in a competitive market may wish to keep its financial transactions private to protect itself from competitors who may try to gain an edge by accessing the company's financial information.
Crowdfunding platforms can also use Zcash to offer users a more confidential environment regarding peer-to-peer donations received and thus keep finances private and anonymous. Not to mention that donors do not have to compromise financial information to make donations, so everyone benefits from the use of Zcash.
Therefore, and to conclude, private money is necessary for society, and privacy is a normal right of individuals. No one should give up financial privacy because one day they will regret it if they do.
Today it may seem like nothing, but believe me, the right to financial privacy should never be neglected. Use this right, after all, you only have to gain.
