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Topic: Monero vs Zcash- who wins? (Read 187 times)

sr. member
Activity: 2044
Merit: 329
★Bitvest.io★ Play Plinko or Invest!
June 30, 2021, 06:27:39 PM
#26
Monero is the best anonymous coin because its algorithm ensures secure payments by default.
The best development team, some of which are still anonymous.
The ecosystem of the coin is very large, and everyone is already used to it.
And the market doesn't need many anonymous competitors.
agree, monero is the best anonymous token...

For truly anonymous transactions, Monero is definitely the answer. I've never used Monero as a transaction, but I see the community is wide and it's really really needed for truly anonymous transactions.
hero member
Activity: 2128
Merit: 524
June 30, 2021, 06:17:00 PM
#25
From what I've read and been told by friends who know was they are talking about is that Monero is superior to Zcash.  I am wondering if anyone can provide some Pros and Cons between the two?

Sure!

Monero's transactions are anonymous but zcash transactions can be transparent or not. Most zcash transactions are not shielded because people choose them to be so which in a way shows that there's not much drive for privacy among its users.

Zcash became popular not because it was better than Monero as a privacy coin but because it was profitable to mine.
sr. member
Activity: 672
Merit: 253
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June 30, 2021, 05:12:57 PM
#24
I still believe that monero is undervalued. Generally speaking, I expect coins that promise anonymity to be much higher in value, and monero is the most powerful anonymity investment on the market.
and also think monero and similar coins will receive more investment, as I believe that crypto-rich will spend much more to hide themselves in the future.
sr. member
Activity: 1092
Merit: 256
June 30, 2021, 01:10:32 PM
#23
Overall, for the purposes of non-linkable private transactions, Monero tends to be preferred over ZCash (when comparing ZCash vs. Monero), while ZCash appears to be more focused on cryptography research and development, using a peer-to-peer crypto network. as a testing ground in real life (as is also evident from the number of protected transactions that actually occur in ZCash). ZCash may also be much more prone to centralization.
full member
Activity: 630
Merit: 103
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June 27, 2021, 11:23:36 AM
#22
I still prefer monero if i want a super private transaction. Up to now im still having a hard time using the monero explorer and navigating it. So having a non-user friendly explorer offers additional privacy  Grin
full member
Activity: 1820
Merit: 107
June 27, 2021, 10:50:20 AM
#21
I think both coins were created to perform privacy-centric functions, and they have their own purpose to fulfill. but If I will use a privacy coin to be anonymous in my transactions I will choose Monero because it's undeniable that Monero has a superb privacy function that even the Internal Revenue Service or (IRS) of the United States of America was not able to break its encryption so that was a proof of Monero supremacy.
full member
Activity: 1034
Merit: 103
June 27, 2021, 10:21:26 AM
#20
Monero. Hands down.

This is a funny one! Cheesy Did you sign up to just post that one comment? Tongue

Monero is the best we have right now, that's true. But I think we should pay attention to the fact that it could theoretically be broken. Nothing endures forever.
how could be broken? I see another coin like doge still alive even though less development. Monero always updated on github. the project still alive with many pull requests and I have been followed until the update 11 Apr ago.

Monero is always an active project with a large community behind it. It surely is the leader in privacy focused coins. Zcash and DASH too are not far behind. There were some rumors about zcash giving it's privacy for SEC compliance but that turned out to be false and they have kept improving it's security and remains as a strong alternative. It's more about what you and your client prefer and the real privacy comes in the way you use the coin.
legendary
Activity: 1484
Merit: 1024
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June 27, 2021, 09:00:57 AM
#19
Monero. Hands down.

This is a funny one! Cheesy Did you sign up to just post that one comment? Tongue

Monero is the best we have right now, that's true. But I think we should pay attention to the fact that it could theoretically be broken. Nothing endures forever.
how could be broken? I see another coin like doge still alive even though less development. Monero always updated on github. the project still alive with many pull requests and I have been followed until the update 11 Apr ago.
sr. member
Activity: 840
Merit: 251
June 27, 2021, 06:04:50 AM
#18
Monero. Hands down.

This is a funny one! Cheesy Did you sign up to just post that one comment? Tongue

Monero is the best we have right now, that's true. But I think we should pay attention to the fact that it could theoretically be broken. Nothing endures forever.
newbie
Activity: 1
Merit: 0
June 25, 2021, 04:36:43 AM
#17
Monero. Hands down.
sr. member
Activity: 840
Merit: 251
June 25, 2021, 04:09:53 AM
#16
...Monero is superior to Zcash.
IRS offered a bounty to anyone who can crack Monero's privacy. I don't think there is anything else to add there hehe.

Quote
I am wondering if anyone can provide some Pros and Cons between the two?
I cannot give you the pros and cons but I just want to show you this,

Quote
Importantly, the privacy provided by Zcash does not prevent regulated entities from fulfilling their regulatory obligations, including customer due diligence, transaction monitoring, record-keeping, and reporting suspicious transactions. Zcash was designed to facilitate compliance with the FATF “Travel Rule”, with an encrypted memo field that allows required originator and beneficiary information to be attached to virtual asset transfers between VASPs.
- https://z.cash/compliance/

So you should probably just choose XMR if you are after anonymity and BTC for traceable payments or transfers.


And correct me if I am wrong but as far as I know the bounty hasn't been paid to anyone so far. In other words, nobody was able to crack the Monero algorithm or to develop a technology that allows to trace down transactions. I have read some interesting stuff about side channel attacks though. Interesting topic to read, just try a google search. It opened my eyes in regards to how many attack angles there are for any kind of currency and the technology it offers.
legendary
Activity: 2044
Merit: 1018
June 25, 2021, 12:40:36 AM
#15
Monero is the King in many anonymous, private cryptocurrencies. They all are affected by Monero performance as same as altcoins are affected by bitcoin performance. Only this fact is a confirmation that Monero is the best anonymous, private coin.

IRS list Monero into their Wanted list and gives big award for anyone, any company that can break the anonymous and private transactions via Monero. Only this offer says another fact, IRS don't give award to break transactions of other coins, they only want to do it with Monero.
sr. member
Activity: 1974
Merit: 254
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June 25, 2021, 12:19:05 AM
#14
Looking at the current situation I would rate monero better than zcash. However at the level of anonymity I think these coins are still controlled by the government, so anonymous here is just a term for what they are still doing. On the other hand, with smaller projects like GRIN, ... I can see that.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
June 24, 2021, 08:37:51 PM
#13

It's probably the reason why some are not actually agreeing with that taproot update. But yes I'm also afraid countries could ban if going private is the route to take. However if countries are adopting Bitcoin right now, there is a chance that your country will also adopt BTC and you may only need a wallet to make transactions locally like buying grocery items.

As for XMR and Zcash, I sold XMR a long time ago. XMR had been applauded by technical users actually so your best guess is that XMR will win after all its price is much higher.
legendary
Activity: 1484
Merit: 1024
#SWGT CERTIK Audited
June 24, 2021, 08:23:48 PM
#12
Both are good for privacy. each coin has its own unique way for disguise the payment. Monero who started it first, I use several time, fast and reliable to use. However, I never use Zcash, I just know the user can set the payment as private or public. Zcash more slowest half minutes than Monero, but if the user friendly with bitcoin, Zcash may be similar because has forked with adding zk-SNARKS code.

Who wins?, Monero with 2 minutes block.
hero member
Activity: 2002
Merit: 535
June 24, 2021, 04:31:04 PM
#11
...Monero is superior to Zcash.
IRS offered a bounty to anyone who can crack Monero's privacy. I don't think there is anything else to add there hehe.
Which means the IRS went out and publicly offered a bounty to crack Monero while we have not heard about asking others about cracking the rest of the privacy coins says a lot  Grin.
I do think that Monero is the truly anonymous coins that Zcash.
legendary
Activity: 3080
Merit: 1593
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June 24, 2021, 03:16:48 PM
#10
XMR wins for me, it really is a great coin. The only thing is, I worry about its future due to government control & regulation etc. I worry they might really crack down on it & make it hard for people to use. If exchanges start delisting it we have a problem.
full member
Activity: 1498
Merit: 146
June 24, 2021, 02:55:46 PM
#9
...Monero is superior to Zcash.
IRS offered a bounty to anyone who can crack Monero's privacy. I don't think there is anything else to add there hehe.

Quote
I am wondering if anyone can provide some Pros and Cons between the two?
I cannot give you the pros and cons but I just want to show you this,

Quote
Importantly, the privacy provided by Zcash does not prevent regulated entities from fulfilling their regulatory obligations, including customer due diligence, transaction monitoring, record-keeping, and reporting suspicious transactions. Zcash was designed to facilitate compliance with the FATF “Travel Rule”, with an encrypted memo field that allows required originator and beneficiary information to be attached to virtual asset transfers between VASPs.
- https://z.cash/compliance/

So you should probably just choose XMR if you are after anonymity and BTC for traceable payments or transfers.

So if a regulatory body asks for personal details or anything about transactions then EOS team will give them all the details required which don't even can be considered as decentralized then how can we call it a completely anonymous coin, Anyway XMR is here for the long term so, for now, that is the best and also there is another privacy coin called GRIN but it doesn't seem to get enough recognition.
legendary
Activity: 1932
Merit: 1273
June 24, 2021, 02:19:51 PM
#8
I also wonder whether which coin has a better anonymity/privacy in terms of technicality, but I couldn't find any thoughtful explanation. It also that my lack of knowledge and experience couldn't differentiate between those two about whether what is the cons and pros. Nevertheless, I came across a post that might helpful to learn further about those coins.

~snip
Monero is not a magic black box which provides perfect anonymity! If you use eg. flyp.me to buy XMR and then quickly sell this XMR on flyp.me again, it is blatantly obvious to flyp.me what you've done (if they keep logs), both due to the amounts and the specific Monero inputs used. In order to get decent privacy, you have to do something like this:
 1. Convert BTC to XMR (using your own Monero wallet, not a hosted wallet).
 2. In two or more transactions of random amounts, move XMR from that wallet to a different wallet/account.
 3. Optionally, you can repeat the above step with additional wallets/accounts for greater anonymity.
 4. Preferably in two or more transactions of random amounts, convert the XMR in your last wallet in the chain to BTC.
 
Ideally, all of the above should be performed over as long a period of time as you can tolerate.

 - Pros: Possibly the best anonymity, especially if you're able to stay within the XMR ecosystem to some extent
 - Cons: You should use Tor with Monero, but you have to set this up manually; it's all more difficult; you're exposed to exchange rate risk; transaction fees may be significant

~snip
The State of Privacy in Cryptocurrencies - Ian Miers
Conclusion
  • We need to critically evaluate privacy vulnerabilities in cryptocurrencies
  • Most privacy preserving cryptocurrencies have terrible privacy
  • Decoy based approaches (Coinjoin, MimbleWimble, Monero, etc) can be attacked:
    • Merchants/advertisers can track users (Overseer attack)
    • Oppressive governments can identify address holders (Flashlight attack)
    • We can see where people make repeated purchases (Tainted Dust attack)
    • Exchanges who control
  • Don't be fooled by Privacy Theater
  • Usability is important

Ian Miers, @secparam, University of Maryland/Zcash foundation
Also, there's a post discussing Monero use cases (https://bitcointalksearch.org/topic/m.57267802) on this board, but the thread lack discussion.
jr. member
Activity: 840
Merit: 4
June 24, 2021, 02:13:16 PM
#7
I think Monero has deeper privacy layers than ZCash. I'm sorry to say it but much vice has passed through the former. Its the preferable currency of choice for drug dealers and gun runners
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