owe_addams@monero.town to Monero@monero.townEnglish · 2 months agoIs Monero better than other anonymous coins, like ZCash and stuff?message-squaremessage-square11fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1message-squareIs Monero better than other anonymous coins, like ZCash and stuff?owe_addams@monero.town to Monero@monero.townEnglish · 2 months agomessage-square11fedilinkfile-text
Hey, guys. Can anyone explain in simple words, what are the main benefits of Monero compared to other anonymous coins?
minus-squareJimmyCryptoMan213@lemmy.worldlinkfedilinkEnglisharrow-up2·edit-22 months 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 used much but I believe its privacy is opt in Zano is a privacy coin that looks promising.
minus-squareowe_addams@monero.townOPlinkfedilinkEnglisharrow-up1·2 months agoThanks for the explanation. Will use Monero further
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 used much but I believe its privacy is opt in
Zano is a privacy coin that looks promising.
Thanks for the explanation. Will use Monero further