Monero and Zcash: Privacy Coins you need to know
There are several coins in the world of cryptocurrencies to provide users with a high level of anonymity and private operations. Two such coins include Monro (XMR) and Zcash (ZEC), which have received much attention in recent years because of their innovative features and use. In this article, we delve into the details of these two cryptocurrencies oriented to privacy, examining their technology, benefits and restrictions.
What is a privacy coin?
The Privacy Coin is a cryptocurrency that prioritizes consumer anonymity and security, taking into account traditional operation fees and speed. These coins often use advanced cryptographic techniques to protect consumer identity and prevent the parties from following third countries. Using evidence of zero knowledge or other safe methods, privacy coins are designed to create a more private and safer online experience.
Monero (xmr)
Monero is one of the most famous privacy coins with a native cryptocurrency Monero XRP, mentioned in several main exchange. Here are some of the basic features that make Monero distinguish:
* Zero knowledge evidence : Monero uses evidence of zero knowledge to make sure that the transactions are safe and private without disclosing any confidential information.
* Private addresses : Monero wallet allows users to generate private addresses, making it difficult to follow their operations.
* P2P Network: Monero operates on the Peer-to-Peer (P2P) network, eliminating the need for brokers such as banks or cryptocurrency exchange.
Monero has several benefits that make it an attractive choice for people looking for a high level of anonymity:
* Rapid operations time : P2P Monero network enables rapid operations with medium block blocks from 1-3 minutes.
* Low taxes
: compared to other cryptocurrencies, Monero operation fees are relatively low.
* Growing adoption : Monero has recorded a significant increase in recent years, attracting many users.
But the Monero is not without restrictions:
* Complexity : Monero technology can be complicated and complicated to understand new users.
* Limited compatibility : The P2P Monero network may be incompatible with all devices or platforms.
zcash (zec)
Zcash is another cryptocurrency that is privacy that has received a lot of attention in recent years. Here are some basic features that distinguish Zcash:
* Zero knowledge evidence : Zcash uses evidence of zero knowledge to make sure that the transactions are safe and private without disclosing any confidential information.
* Private addresses : Zcash portfolio allows users to generate private addresses that prevent everyone from following their operations.
* Compressed surgery : Zcash Cepi Transactone, which reduces the amount of data sent in each operation.
Zcash has several advantages that make it an attractive choice for people looking for high anonymity:
* Fast Operations Time
: P2P Zcash network allows quick operations with an average block of blocks from 1-3 minutes.
* Low taxes : Operations charges Zcash are relatively low compared to other cryptocurrencies.
However, Zcash is not without restrictions:
* Restricted scaling : The P2P Zcash network may not be sufficiently replaced for large -scale operations.
* Limited compatibility : The P2P Zcash network may be incompatible with all devices or platforms.
program
Monero and Zcash are two cryptocurrencies directed to privacy that provide users with a high level of anonymity and security. Although they have their own restrictions, both coins have noticed great attention in recent years because of their innovative features and use.
