Technology behind Monero and Zcash: What makes them unique?
In the world of cryptocurrencies, two different digital currencies stand out for their innovative approaches to safety, usability and decentralization. Monero and Zcash are two popular Bitcoin alternatives that use advanced encryption and unique technologies to improve the anonymity of users and control over transactions. In this article, we will break into the main factors that emphasize these crypto currencies of others.
MONERERO: Master of anonymous
The MONETTA primary innovation lies in using the signature of the ring, known as “monner-nom” or “ring structure”. This feature allows users to spend their own cryptocurrency currency without discovering their identity in the real world. Here’s how it works:
- Creating a transaction : When the user wants to send money, it creates a transaction with the recipient.
- Cryptography : The sender encrypts a transaction using a private key and a seed value before similar.
- Ring structure : encrypted transaction is divided into smaller pieces called “nodes”. Each node contains a random seed value used to generate an exclusive public key for each knot.
- Monero -nym
: When the sender wants to spend their monet, they use their private key and the appropriate values of the seeds of different knots to create an anonymous transaction. This procedure is known as a “ring signature”.
- Anonymous : Since there are no direct connections between the identity and the sender’s transaction, users can spend their monet without discovering their identity in the real world.
The structure of the monet of the ring provides incomparable anonymity, making it one of the main options for users who want to maintain confidentiality about their transactions.
Zcash: Private Transaction
Another unique feature of ZCASH is the use of ZK-Nararks (non-intective argument of zero and knowledge). This technology allows users to waste their coins without discovering the transaction data, including the value and identity of the recipient. Here’s how it works:
- Creating a transaction : similar to a monet, Zcash creators create a transaction with the primaters.
- ZK-GARKS
: The sender uses ZK-Narcks to create a “private transaction” that can be verified without detecting any sensitive data.
- ZK-Profutes : ZK-Narcks are then combined with ZK test to ensure additional protection against malicious actors trying to manipulate transaction.
Zcash’s approach to private transactions provides complete control of their transactions, ensuring that they remain anonymous while still checking and revising their activities.
Conclusion
Monero and Zcash offer different benefits in the cryptocurrency space, especially when it comes to anonymity and decentralization. The use of the signature of the ring and the ZK-Garks allows these crypto currency to provide incomparable protection for user transactions, making them alternatives attractive to traditional digital currencies like bitcoin.
Although Monero and Zcash are still relatively new on the market, they show dedication to the innovation and control of the users who allocate them from other cryptocurrency projects. Whether you are an experienced cryptocurrency lover or just start your cryptographic journey, understanding these unique technologies is crucial to making informed decisions on which cryptic currency use in the future.
additional resources
- Monero Whitepaper: [www.monero.org/] (
- Zcash Whitepaper: [www.zcx.io/zcash-ehite-paper.pdf] (
- Blogs and forums for encryption for more information about these crypto currencies and other topics in the cryptocurrency area.