Hello Steemit:

How are you all. Hope you all are doing well. So, today i am very thankful for professor @levycore for teaching us a very important topic about Privacy coins and it's benefits. After attending the lecture, i understand many important aspects of how to use any privacy coin wallet and make my transaction private.

So, let's start with the answer of given questions,

1. Choose a Privacy Coin and do a detailed fundamental analysis of the coin.

First of all i want to explain what is privacy coins,

Privacy Coins:

By a name, privacy coins gives users privacy. As we know all coins in this cryptocurrency world are transparent. Every human being want privacy in their life's. Many peoples want privacy and for this privacy coins was introduced. Through privacy coins, you can easily do transaction of any privacy coin by using their own wallet. In this Information Technology world, everyone is conscious about their privacy, and for this purpose every social media platform do their best to gives their user best privacy. So, privacy coins gives security and privacy to its users in cryptocurrency world.

I am choosing Zcash (ZEC) coin for analyzation.

source

Zcash (ZEC):

Zcash is privacy coin which was developed in 2016 by top cryptographers. Zcash is the open source cryptocurrency that was designed same as a code of bitcoin which means it have the transparency just like bitcoin. Zcash main function is transparent transactions which means if sender and receiver make any transaction then it will not be disclosed to the public.

It is a decentralized privacy currency which was designed for providing transparency to their users. The main purpose of Zcash privacy coin is to provide privacy and security to their users.

Zcash ranked 54 in the list of all cryptocurrency coins on coinmarketcap.
Zcash price is $157.64 on 5th june.

Distributed ledger is also created from Zcash which is commonly known as Zero-knowledge security layer. The main function of this ledger is to allow semi-permanent transactions. Semi-transactions means some data can be shown to public such as date and time which is not important, and the main important data of any transaction such as amount and wallet address can't be shown to public.

Mining of Zcash is faster than bitcoin. It has a fixed block size of 2MB (megabytes). It has a 2.5 per minutes block mining interval which is represent a block size of 8 megabytes. This block size of 8 megabytes makes Zcash 8 times more processing than bitcoin.

Market Capitalization:

$1,889,936,828

Fully Diluted Market Capitalization:

$3,329,274,225

Volume:

$577,061,308

Circulating Supply:

11,921,118.75 ZEC

Maximum Supply:

21,000,000

Total Supply:

11,921,119

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2. Describe the steps in creating a wallet for the Privacy Coin of your choice. (Screenshots required)

First of all, we need to download Zcash wallet. Go to playstore and search Zcash wallet.

After that this application of Zcash wallet will appear, click on install button.

After the completion of downloading, click on Zcash app. Then this interface will appear to you.

Click on which you want to login from. I clicked on Login with Facebook.

Then click on Click on IBAD button.

Then Create your pin interface will appear. You need to create your pin for Zcash wallet application.

After the creation of Pin, this interface appears. And my Zcash wallet is made.

In this way creation of Zcash privacy wallet is done by me.

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

Zcash is a unique project and it have many abilities which make Zcash far better than other privacy coins. It is the most popular coins and it has a bright future for sure. They provide a best option to users regarding their privacy, it's all depend on users if they want to make their transaction public or not. These are the reason i chose Zcash privacy coin.

Advantages:

• It is a decentralized privacy coin.
• It has a low transaction fees.
• It has a fast transaction speed.
• It's up to user that if they want to make transaction private or public.
• It is good to make transaction private.

Disadvantages:

• The main disadvantage of Zcash is it use two address "Z" for private transactions and "T" for public transactions. Many peoples uses "T" transaction for privacy which is the main problem faced by this privacy coin users.

• Zcash uses zk-Snarks protection system for privacy which consuming lots of energy and it is costly.

• Not all exchanges listed privacy coins.

4. Conclusion.

Privacy coin gives peoples security and protection which were makes life easy because many peoples don't want to reveal their investment but in this cryptocurrency world, it is difficult to hide any transaction. But when privacy coins launched in this world. Peoples easily do their transaction anonymously.

Zacash provides many things to their users. They provide a best option to users of choosing whether they want a private or public transaction. This option don't bounded users. Many other privacy coins bounded users by not providing this option of selecting a private or public transaction method. Zcash works brilliantly and in future it will grow and users use this cryptocurrency frequently.

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This post is plagiarism free. Hope i answered all the questions correctly. And pictures i upload in this homework are mine which are screenshots taken by me. Thankyou for reading.