A Comprehensive Comparison of Monero and Zcash Features
Comparison of Monero and Zcash features
The world of cryptocurrency has exploded in recent years, and numerous new players come to the scene. Among these newcomers are two popular cryptocurrencies that have received significant attention to their unique features: Monero and Zcash. Both coins provide clear approaches to Blockchain safety, privacy and decentralization, making them attractive options for users who are looking for a safer and private digital currency experience.
Monero (XMR)
Monero is a decentralized cryptocurrency developed by Nicolas van Saberhagen in 2014. It is designed with the aim of providing a safe way to transfer funds without disclosing any transaction data to third parties that include its users’ IP addresses. The primary features that make Monra’s stand out are:
* Private events : Events on the Monero network are pseudonym and unknown.
* Ring signatures : A unique feature that allows users to create a private event record (tire) without revealing public keys.
* Creating a salad wallet address : Users can create a new, unique wallet address for each event, which makes it impossible to combine real -world identities with their virtual wallets.
zcash (zec)
Zcash is another encryption currency born from the ZCASH project in 2016. It was designed by Ross Wall and his team in Consensys with the aim of providing a fast, private and safe way to transfer funds to the blockchain. The most important qualities that make zcash separate are:
* Events made on the ZCASH network zero information can be secured without disclosing any sensitive information.
* Creating a Limit Wallet Address : Similar to Monero, users can create new wallet addresses for each event.
* Censorship Events
: With the ZCASH network, users can make censorship-sustainable events using a technique called “zero information evidence” to ensure genuine events without revealing their content.
Comparison of key features
And feature Monero (XMR) | Zcash (zec)
And — | — | — |
And Transaction Privacy | Yes, the ring signatures and the creation of a pseudonym wallet address No, but with zero information
And creating a wallet address Unique public keys for each event New, unique wallets for each event
And evidence of Zero knowledge No | Yes (censorship -sustained events)
And censorship resistance Restricted (depending on the composition of the wallet) Full censorship resistance
Comparison of security measures
Both Monero and Zcash use advanced security measures to protect the user’s funds. However, they differ in their approach:
* Ring signatures : Both coins use tire writing to create private events records.
* Creating a Limit Wallet Address : Both systems create new unique wallets for each event.
However, the key difference is how they deal with zero evidence and censorship resistance. Zcash’s zero knows the evidence certification system is more complex and requires a deeper understanding of encryption concepts. Monero’s approach is simpler, but still provides effective protection from censorship.
Comparison of Scalability
Scalability is another important aspect that must be taken into account in the selection between Monero and Zcash. The purpose of both coins is to extend the processing times of events, and some estimates suggest that they can handle about 1-2 events per second (TPS).
* Monero : With a total of over $ 100 million, Monero strives to reach 10,000 TPS TPS.
* ZCASH : With a market value of less than $ 20 million, ZCASH still aims to achieve the same scalability.
