@[email protected] to [email protected]English • 13 hours agoIs Monero better than other anonymous coins, like ZCash and stuff?message-square6fedilinkarrow-up19arrow-down14file-text
arrow-up15arrow-down1message-squareIs Monero better than other anonymous coins, like ZCash and stuff?@[email protected] to [email protected]English • 13 hours agomessage-square6fedilinkfile-text
Hey, guys. Can anyone explain in simple words, what are the main benefits of Monero compared to other anonymous coins?
minus-square@JimmyCryptoMan213linkEnglish1•3 hours agoKeep in mind not all “privacy coins” are private. Some claim to be private because they have a privacy mode or just simply use IP obfuscation. All monero transactions are private. The sender, reciever and amount are hidden. This is a true privacy coin because of these three features. ZCash privacy is opt in Dash I do not consider to be a privacy coin but is called a privacy coin since it has a privacy send mode. There is Firo which I have not usee much but I believe its privacy is opt in Zano is a privacy coin that looks promising.
Keep in mind not all “privacy coins” are private. Some claim to be private because they have a privacy mode or just simply use IP obfuscation.
All monero transactions are private. The sender, reciever and amount are hidden. This is a true privacy coin because of these three features.
ZCash privacy is opt in
Dash I do not consider to be a privacy coin but is called a privacy coin since it has a privacy send mode.
There is Firo which I have not usee much but I believe its privacy is opt in
Zano is a privacy coin that looks promising.