Is Monero better than other anonymous coins, like ZCash and stuff?
Is Monero better than other anonymous coins, like ZCash and stuff?
Hey, guys. Can anyone explain in simple words, what are the main benefits of Monero compared to other anonymous coins?
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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