Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: Mendo Crypto on February 01, 2018, 11:20:16 AM
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I'd like to hear them... psssst, I'm asking in the /ZCash too :)
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As you have seen I was interested in the same question especially with regards to the anonymity and built in security features of the two currencies:
http://www.altcoinstalks.com/index.php?topic=4795.0
Hopefully somebody can shine some more light on those questions.
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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.
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.