Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Zcash Forum => Topic started by: Souri on January 23, 2018, 10:41:05 PM
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I recently saw a talk by someone involved with ZCash (34C3 in case you are wondering) talking in general about smart contracts and cryptocurrencies. When comparing Zcash and Monero it was stated that Monero is not truly anonymous as some security measures are not yet implemented that Zcash already incorporated. Does anyone has some technical insight to shine some light on this discussion - preferable tailored to a non technical person like me - or can offer some links for further readings for a comparision.
Reason I am asking I fancy anonymous things here and there and if I believe nobody can track me, it better be true.
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Bump. This is an important discussion and I'd like to hear from some people who have a firm grasp of the code on both projects.
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I agree and have same thoughts. anyone out there with some detailed info??
Privacy is a good thing..... got Monero, Zcash, PIVX, Tokenpay, Dash and Zcoin
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I recently saw a talk by someone involved with ZCash (34C3 in case you are wondering) talking in general about smart contracts and cryptocurrencies. When comparing Zcash and Monero it was stated that Monero is not truly anonymous as some security measures are not yet implemented that Zcash already incorporated. Does anyone has some technical insight to shine some light on this discussion - preferable tailored to a non technical person like me - or can offer some links for further readings for a comparision.
Reason I am asking I fancy anonymous things here and there and if I believe nobody can track me, it better be true.
Zcash is close-coded and validity verification is complex. For instance, if there is a programmatic bug or error, then only its authors can identify it and prove it. However, Monero is an open-source code and a large number of developers understand its algorithm or ‘ring signature’ and ‘confidential transaction build.’
Zcash is backed by the company Zcash, which produces a reliable and trustworthy business model. With business and profit interests, Zcash can perform better in terms of marketability and availability. However, Monero with its decentralised ownership and multiple developers creates trust, marketability, and accountability issues.
If we compare these two coins in terms of privacy, Monero provides better safeguards for personal information. Additionally, both of these cryptocurrencies as well as others can be conveniently mined through the MinerGate mining pool. Monero uses a CryptoNight PoW algorithm for mining, while Zcash utilises Equihash as its PoW. Both of these coins are trying to aim for ASIC resistance. However, Monero’s CryptoNight algorithm is more vetted than Zcash’s Equihash.
Overall, a comparative analysis of the Monero and Zcash helps to weigh the benefits between the two. Zcash provides benefits in terms of flexibility, customer support, and trustworthy business models. While Monero provides higher privacy, greater reliability of cryptographic algorithms, and decentralisation for fiat and crypto exchange transactions.
I have provided recommended reading to help you to understand Zcash and Monero further.
Zcash Website https://z.cash/ (https://z.cash/)
Zcash FAQS https://z.cash/support/faq.html (https://z.cash/support/faq.html)
Zcash Guide https://www.cointelligence.com/content/ultimate-guide-zcash/ (https://www.cointelligence.com/content/ultimate-guide-zcash/)
Zcash Market Cap https://coinmarketcap.com/currencies/zcash/ (https://coinmarketcap.com/currencies/zcash/)
Monero Website http://monero.org/ (http://monero.org/)
Monero FAQS http://monero.org/faq/ (http://monero.org/faq/)
Monero Guide https://www.cointelligence.com/content/ultimate-monero-guide/ (https://www.cointelligence.com/content/ultimate-monero-guide/)
Monero Market Cap https://coinmarketcap.com/currencies/monero/ (https://coinmarketcap.com/currencies/monero/)
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Definitely Monero, it's getting more usuage on the darkweb now too, I'm still not convinced by the Zcash ceremoney, so until that changes XMR would be my bet. If I had to pick the coin that would be no.1 by 2020 then ZenCash would get my vote however, this will displace Zcash in the future, this or DeepOnion.
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Zcash provides benefits in terms of flexibility, customer support, and trustworthy business models than Monero.