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A complete comparison of the characteristics of Monero and ZCASH
The world of cryptocurrency has exploded in recent years, with numerous new players who enter the scene. Among these newcomers are two popular cryptocurrencies that have gained significant attention for their unique characteristics: Monero and ZCASH. Both currencies offer different approaches to Blockchain’s security, privacy and decentralization, making attractive options for users looking for a safer and more private digital division experience.
Monero (XMR)
Monero is the decentralized cryptocurrency developed by Nicolas Van Knowledge in 2014. It was designed with the aim of providing a safe way to transfer funds without revealing any transaction information to third parties, which includes the IP addresses of its users. The main characteristics that make Monero stand out include:
* Private transactions
: The transactions made in the Monero Network are pseudonym and anonymous.
* Ring signatures
: A unique feature that allows users to create a private transaction record (ring) without revealing their public keys.
* Creation of pseudonym wallet addresses : Users can generate a new wallet address for each transaction, which makes it impossible to associate real world identities with their virtual wallets.
ZCASH (ZEC)
ZCash is another cryptocurrency that emerged from the ZCASH project in 2016. It was designed by Ross Wall and his team in Consensys, with the aim of providing a quick, private and safe way to transfer funds in the block chain. The key features that make ZCASH different
* Zero Knowledge Tests : Transactions made in the ZCASH Network can be verified without revealing any confidential information.
* Creation of pseudonym wallet addresses : similar to Monero, users can generate new wallet addresses for each transaction.
* Censorship resistant transactions : The ZCASH network allows users to make transactions resistant to censorship by using a technique called “zero knowledge tests” to verify the authenticity of transactions without revealing their content.
Comparison of key features
| Characteristic | Monero (XMR) | ZCASH (ZEC) |
| — | — | — |
| Transaction privacy | Yes, Ring Signatures and Creation of Addresses of Wallet Pseudonym | No, but with zero knowledge tests |
| BALLETER ADDRESSES GENERATION | Unique public keys for each transaction | New unique wallets for each transaction |
| Zero Knowledge Test Verification | No | Yes (transactions resistant to censorship) |
| Censorship resistance | Limited (depends on the wallet configuration) | Complete censorship resistance |
Comparison of security measures
Both monero and ZCASH use advanced security measures to protect user funds. However, they differ in their approach:
* Ring signatures : Both currencies use ring signatures to create private transactions records.
* Creation of pseudonym wallet addresses : Both systems generate new unique wallets for each transaction.
However, the key difference lies in how they handle zero knowledge tests and censorship resistance. The ZCASH zero knowledge test verification system is more complex and requires a deeper understanding of cryptographic concepts. Monero’s approach is simpler, but still provides effective protection against censorship.
Scalability comparison
Scalability is another crucial aspect to consider when choosing between Monero and Zash. Both currencies aim to increase transaction processing times, and some estimates suggest that they can handle around 1-2 transactions per second (TPS).
* Monero : With a total market capitalization of more than $ 100 million, Monero aims to reach a 10,000 TPS TPS.
* ZCASH : With a market capitalization of less than $ 20 million, ZCASH is still working to achieve the same level of scalability.
