MONERO VS. ZCASH: A comprehensive guide for your differences
In the cryptocurrency world, two popular options have emerged in recent years: Monero and Zcash. Both are designed to provide an anonymity and safety level that is incomparable by other cryptocurrencies. However, despite their similarities, there are several important differences between these two digital currencies.
What is Monet?
The Monero (XMR) was launched in 2014 by Jed McCaleb, a PayPal programmer and ex -executive. It was designed as an open source cryptocurrency that uses an exclusive blockchain called MONERO network. The network is based on the SCrypt proof-of-work algorithm, which requires powerful computers to validate transactions.
One of the main characteristics of the monet is the use of ring signatures, also known as “monetal paper wallets”. These are digital signatures that can be used to create non -traceable and private cryptocurrency payments. To create a monet wallet, users must first generate a private key, which is stored in a safe place.
What is Zchash?
Zcash (Zec) was released in 2016 by Zach X. Wang and Dr. Wei Dai, two researchers at the University of California, Berkeley. It is designed as an open source cryptocurrency that uses an exclusive blockchain called Causal Map Proof Algorithm (CPOS).
Zcash’s main feature is the use of Zcash, which is a new type of transaction that allows users to spend their currencies without revealing their addresses. This is achieved through the use of “folding”, where transactions are encrypted and then descriptographed using complex mathematical algorithms.
Main differentiated
So, what differentiates Zcash’s monety? Here are some important differences:
* Privacy : One of the most significant differences between Monero and Zcash is the approach to privacy. While both currencies aim to provide anonymity, the monet uses ring signatures and private keys, while Zcash has the causal algorithm of Map Participation Proof (CPOS).
* Transaction rates : Like a Blockchain of Participation Proof (POS), Zcash has higher transaction rates compared to the Moneto Blockchain (Pow) blockchain. However, this may not be so important for individual users who are willing to wait longer before receiving their next transaction.
* Safety : Both currencies have robust safety measures in force, but monet ring signatures offer more advanced protection against certain types of attacks. Zcash also has a strong focus on security, but its CPOS algorithm is more vulnerable to certain types of threats.
* Developer Community : The developer community for both currencies is active and favorable, but the Monero Private Key -based wallet system may be less familiar to new users.
Comparison Table
Here is a comparison table by highlighting some of the main differences between Monero and Zcash:
| RESOURCE | Monero (XMR) | ZCASH (ZEC) |
| — | — | — |
| POWER PROOF (POW) OR POSS PROOF (POS) | Pow | POS |
| Transaction Fees | Low to Moderate | Tall |
| Security Measures | Ring Subscriptions, Private Keys, Safe Storage | Causal Map Proof (CPOS), Private Keys, Security Measures |
| Developer Community | Moderate | Stronger developer community |
| Anonymity level | Tall | Middle |
| Audience -Alvo | New users and developers | Existing users of cryptocurrencies based on prisoners of war |
Conclusion
Monero and Zcash are two distinct cryptocurrencies, with different anonymity and safety approaches. While monet ring signatures offer more advanced protection, Zcash is based on the causal algorithm of Map Participation Proof (CPOS), which has higher transaction rates, but is more vulnerable to certain threats. Finally, the choice between these coins will depend on individual preferences for community, security and developer community.