Add to Chrome
Add to Edge
Add to Firefox
Add to Opera
Add to Brave
Add to SafariWhen comparing Ripple vs ZCash, the Slant community recommends Ripple for most people. In the question“What are the best cryptocurrencies?” Ripple is ranked 3rd while ZCash is ranked 8th. The most important reason people chose Ripple is:
In addition to their own cryptocurrency, XRP, Ripple's network can transfer other cryptocurrencies such as Bitcoin, fiat currencies, gold, IOUs, frequent flyer miles and so on.
Specs
Question Ranking
Pros
Pro Currency agnostic
In addition to their own cryptocurrency, XRP, Ripple's network can transfer other cryptocurrencies such as Bitcoin, fiat currencies, gold, IOUs, frequent flyer miles and so on.
Pro Real-time international money transfers
Transactions are confirmed in seconds, not minutes.
Pro No mining required
XRP's cap of 100B units has already been generated.
Pro More transparent than banks
Not as good as BTC or literally any decentralized coin/token. But, you gotta hand it to them.
Pro Scalable
Can handle thousands of transactions per second.
Pro Fast
3 to 5 latency.
Pro Huge partnerships
MoneyGram, Bank of America, American Express, Central Banks, etc
Pro Allows issuing debt via IOUs
Pro Can pay directly to Bitcoin users
Pro Traded on Coinbase
ZCash is listed on Coinbase, arguably one of the easiest to use exchanges.
Pro Anonymous
Decently Anonymous Cryptocurrency
Cons
Con Not Decentralized
It is very centralized, worst than even most banks.
Con The network is proprietary
Con Iffy marketing strategy
Con Concerns of it being a scam
Con 3 people own 20% of all of XRP
Con Traceable
Not anonymous, transactions can easily be tracked.
Con Trusted Setup
In order to remain anonymous you must utilize a set of keys set by a group of individuals. If it got cracked or somehow leaked or if this group was corrupt your transactions might not be anonymous.
There is discussion to change this: https://www.starkware.co/
More Info: https://www.reddit.com/r/zec/comments/551wnw/what_is_the_trusted_setup_in_zcash_an_overview/
