Steemit Crypto Academy Season 2 Homework Post for @levycore by @raieshan

Hello

to all my steemian friends hope that you will be enjoying your good and great health. I am also fine. This is my first post in this great community. So here I post the special for the most intelligent professor @levycore . I read the whole lecture carefully. In this lecture, he described the Privacy coin in a very beautiful way.
here some answers to some questions.

Now we talk about the privacy coin.

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Privacy Coin

Everyone wants to keep their secrets private. For this, they adopt many adaptations. In our life, we have to keep our many things private just like our money, keys, work, etc. So as it is there is a great need to save our cryptocurrency. There is a lot of private coins For, a privacy coin was launched on October 28, 2016. This was the Zcash. It is very popular for its privacy. It is very secure for the transaction and many other works. There are many specifications for this private coin. Here we talk about it.

Question NO.1

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

As we know about many privacy coins but here I select Zcash. Because it is very popular and easy to use. It is not even difficult as the other. It's all the functions are very easy so decided to discuss it. Its transaction Is transparent. Which gives very high security to the users to use this platform. It doubles the security of the transaction and some other things. Its codebase is nearly similar to the bitcoin and it has the power to supply 21 million units which is a great amount. At first, it is mine in October 2016 and after 1 week its value increases and almost reaches five thousand dollars.
In the first four years, the minor of every cryptocurrency has to payed ten percent of their profit to the staff and the company owner of the Zcash. So it was great to work for the Zcash company in 2016. In 2017 they also start money laundering and they hold it and then Zoko Wilcox said that "I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …".Here is the link to this line.
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If we talk about the price of the Zcash at the present date. Today is 06-03-2021.

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it is the price of Zcash in Dollars but in the rupees, its price is almost 24500 rupees. It is a huge amount of Pakistani rupees.
If we talk about its security and privacy then we say that it's privacy then we can say that is more transparent than the other coins. By this, the transaction of our account is never be known to anyone. However, all the privacies are kept safe. It shows the date and day of the transaction but does not give important information like The account of another user who sends us the assets, the amount of the transaction, In which case the transaction held and many other private things are kept safe. Zcash does not identify the user which is involved in the transaction.
Now I am showing you the present Capitalization of Zcash.

So this is all about the Zcash. And now I am going to talking about the second question.

Question No.2

Describe the steps in creating a wallet for the Privacy Coin of your choice. (Screenshot required)
So in this question, our professor asked the steps to create the Zcash wallet. And now am telling you about it. It is simply downloaded from the play store. As I have the LAptop and Android Phone so I decided to create my Zcash wallet from my Mobile.Because I from easy to work from my Mobile and I can open the wallet any time and work on it at any time so I chose the Mobile Phone for it.
So let's see.
so there are some steps that I follow to create the Zecash wallet.
So first of all I open The Playstore app on my Mobile. After that, I search the Zcash Wallet and then open it and click the install option.

Now here I select the simply Zcash application and Click it.

After that, the next page appears to me that Install option. Now here I click the Install option.

After some time the application was downloaded and saved into my device and then I simply click the Oppen option.

So here appears some options about login to this wallet. The options are:

So here select the Third option (Phone number). Because I feel it is very easy for me. And I also label all the options with arrows.

AS some formalities they want the phone number so here I put my Phone number.

So after some time, the msg sent to me and it automatically filled here.

And now I simply click the login option and continue this process. Here some loading for some time

Here I setup my fingerprint as the security.

After that I write my user name here and cntinuoue. I also allow the option of notification received from the Zcash wallet and click at the all the rules and regulations.

So as a result the creation of my account is complete.

After that I upload my photo as a profile picture.

NOw my account is completely created as you can see.

Question No.3

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

AS we know that there are many cryptocurriences in the world and this is also a era of science and technology.Everyone wish to save his money in the cryptocurrency because they observe that this is very safe platform to save or invest the money but actually if the use the cryptocurrency like the bitcoin and Etherium which are very popular but they have not enough security so their all the information and full data reveal to everyone. This is not good for anyone that its all the information about its wallet and trading. Everyone wants to keep private its all information from others. So they wants that they have the such platform which is safe and transparent as the other cryptocoins. So that's way I select the Zcash and Download the Zcash wallet. Because I also want the security just like the other people want.
Zcash have many unique and different features as the others private coins about the privacy. It is our own will that whatever we want to show and reveal our transactions to others and part from this we are also have option to save and hide our all the transaction and other personal information fro the other people. It is also use at the large platform of the people that were do the mining a large amount here. This is proved very safe here and nobody can steel your data and information. Apart from there is a great fear from the tnhiefs and hakers that when they have came to that anyone have a large amount of money in its account the began to steel their money and try to make different plans for the owner. So it may cause a great tension for the Owner. Thats way the Zcash is very safe as compare to thee other cryptocurriencies. THts way I select this platform for studies and later I spend my money in it.
So there are some advantages and disadvantages of Zcash.

Advantages

If we talk about the advantages of the Zcash so there are following Advantages:

If we see itcarefully that it is a decentralized and safe platform which is based upon the privacy currency.
IF we talk about the value of the Zcash so we can say that the average value of Zcash is low than the other cryptocurrencies whish is very profitable for all the users of the Zcash.
And if we talk about its ability of transparent so it is very secure as the other crypto coins because it do not show the transaction to the other people and it also do not give the other information to all users like the amount of currency which is present in the one's account.
So these are the some advantages of this platform.

Disadvantags

If we talk about the DISADVANTAGES SO THERE ARE FOLLOwing disadvantages of Zcah.

ITs great disadvantage is that is is kept baned in many countries for its high security and privacy.
The Government face the great problem to take the tex upon it because its wallet is completely transparent and hidden to everybody.
So it has very less number of the disadvantages.Because it is more secure and more popular for its security and privacy.

CONCLUSION

The step of creating the privacy coin is very affective for all the users of the cryptocurrency because it is completely based upon the principle of Bitcoin and it is secure and more private than the bitcoin's privacy. Here I select the Zcash it is very popular,secure and very easy to use. I really understood it very well.And I also understand its principle of work and its other security.

So this is all about today I hope the you enjy and like my post.

Special THanks

@levycore

Writer

@raizeshan