Private coins and their role in financial privacy: Monero and Zcash
In the world of crypto currency, financial privacy is a very discussed topic. While some crypto currency priority anonymity give preference to all users, other equipment equipped with safety measures. Two notable examples are Monero (XMR) and Zcash (rabbit), of which they focus on providing safe transactions.
MONERERO: Crypto currency with true anonymity
Monero is a crypto currency of peers aimed at providing unobtrusive and anonymous transactions. Started in 2014, Moner’s unique technology allows users to send money without discovering their identity or saoder. This is achieved by a new mechanism of consensus called the ring signatures.
In traditional blockchain networks such as Bitcoin (BTC), each transaction is recorded at the Blockchain). However, this information Moner’s ring signatures developed by Nathan Curtain are solving this problem by encryising cryptographic techniques and deceiving the path moving between the parties.
The origin of the origin of the funds, thus achieving full anonymity. Furthermore, transactions on Monero network are not interactive, which means that they do not require a previous agreement between parties,
ZCASH: CRIPTO Currency with improved security
In 2014, Zcash (rabbit) launched Jed McCaleb and Joe Dubin. Like Monero, Zcash also introduces a unique technology called the ZK-Marks (zero knowledge summarized the non-intective knowledge argument). Origin of funds.
ZCASH -OVE SAFETY features include:
1.
- encryption : All transactions are encrypted, ensuring confidentiality.
- Interactive check
: Network checks the transactions in real time to last
One of the innovative features of ZCASH is its ability to provide “Z-SKEY” (ZK-Garx) evidence. These evidence shows that the user has a certain fund without discovering their true balance, thus providing an additional layer of security.
Comparison Monero and Zcash
Although both crypto currencies aim to improve financial privacy, there are key differences between them:
* The mechanism of consensus
: monks of ring signatures use the main books (blockchain) transactions, while Zcash relies on the ZK-Narrks.
. Zcash also uses ZK-Narrks for improved safety.
* user experience : Zcash also offers a user interface and supports multiple payment methods, including credit cards and e-novcnica.
Conclusion
Monero and Zcash are two notable crypto currencies that focus on providing and security transactions. Although Monner’s anonymity is more comprehensive about her technology with a ring signature, Zcash’s ZK-Marks equipment has improved security features. Both crypto currencies have their strength and weakness, but they meet the various needs and preferences of the users.
Ultimately, the choice between Monero and Zcash depends on your individual financial goals and priorities. If you need full anonymity for all transactions, Monero could be a better option. However, if you need advanced security
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Keep in mind that the investments of cryptocurrency are subject to the volatility of the market and desires.