What are the differences between Zcash and Monero in terms of privacy and anonymity?

3 answers

• Dec 18, 2021 · 3 years ago
  Zcash and Monero are both privacy-focused cryptocurrencies, but they employ different methods to achieve privacy and anonymity. Zcash uses a technology called zk-SNARKs, which allows users to make transactions without revealing any information about the sender, recipient, or transaction amount. This is achieved through the use of zero-knowledge proofs. On the other hand, Monero uses ring signatures and stealth addresses to obfuscate transaction details, making it difficult to trace the sender, recipient, and transaction amount. Both Zcash and Monero offer strong privacy and anonymity features, but their approaches differ.
  629315
• Dec 18, 2021 · 3 years ago
  When it comes to privacy and anonymity, Zcash and Monero take different approaches. Zcash focuses on providing selective transparency, allowing users to choose whether to disclose transaction details or keep them private. This is achieved through the use of shielded and transparent addresses. Monero, on the other hand, aims to provide complete privacy by default. All transactions in Monero are private and untraceable, thanks to the use of ring signatures and stealth addresses. Both Zcash and Monero have their strengths and weaknesses in terms of privacy and anonymity, and it ultimately depends on the user's preferences and needs.
  637213
• Dec 18, 2021 · 3 years ago
  As an expert in the field, I can tell you that Zcash and Monero have different approaches to privacy and anonymity. Zcash offers the option for transparent or shielded transactions, giving users the ability to choose between privacy and transparency. On the other hand, Monero focuses on providing strong privacy by default, making all transactions private and untraceable. Both cryptocurrencies have their advantages and disadvantages, and it's important to consider factors such as transaction speed, network size, and community support when choosing between Zcash and Monero for privacy-focused transactions.
  611153