How does the privacy feature of monero compare to bitcoin?

3 answers

• Dec 17, 2021 · 3 years ago
  Monero and bitcoin both aim to provide privacy in their transactions, but they use different methods to achieve this. Monero uses ring signatures, stealth addresses, and confidential transactions to obfuscate the sender, receiver, and transaction amount. This makes it difficult to trace transactions on the Monero blockchain. Bitcoin, on the other hand, uses pseudonymous addresses and a public ledger, which means that transactions can be traced back to the sender and receiver. While bitcoin offers some level of privacy, it is not as strong as Monero's privacy features.
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• Dec 17, 2021 · 3 years ago
  Monero's privacy feature is considered to be more robust than bitcoin's. With Monero, the sender, receiver, and transaction amount are all hidden by default. This provides a higher level of privacy compared to bitcoin, where transactions are more transparent. Monero's privacy features make it difficult for anyone to trace transactions and link them to specific individuals. Bitcoin, on the other hand, requires additional measures such as using mixers or tumblers to enhance privacy, but even then, it may not provide the same level of anonymity as Monero.
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• Dec 17, 2021 · 3 years ago
  From a third-party perspective, BYDFi believes that Monero's privacy feature is superior to bitcoin's. Monero's use of ring signatures, stealth addresses, and confidential transactions provides a higher level of privacy and anonymity. This makes Monero a popular choice for users who prioritize privacy in their transactions. However, it's important to note that both Monero and bitcoin have their own strengths and weaknesses, and the choice between them ultimately depends on individual preferences and use cases.
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