this post was submitted on 20 Sep 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Is Monero better than other anonymous coins, like ZCash and stuff? (monero.town)

submitted 15 hours ago by [email protected] to c/[email protected]

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Hey, guys. Can anyone explain in simple words, what are the main benefits of Monero compared to other anonymous coins?

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[–] [email protected] 5 points 14 hours ago* (last edited 14 hours ago) (1 children)

Objectively, if used correctly, ZCash has better transaction privacy, at least until FCMP++ goes live with (probably) the next Monero hardfork. After FCMP++ goes live, no, Monero will be the objectively best privacy coin in all aspects.

In reality you have about 400 fully private ZCash transaction per day and 40.000 for Monero. You might literally be the only person making a Zcash transaction that day within a +100 mile radius, not much of a crowd to hide in.

There are many other factors like ZCassh having a CEO, dev fee, moonboy community and even their garbage tier mascot that make people prefer Monero.

[–] [email protected] 1 points 12 hours ago

@monerobull @monero @owe_addams

>their garbage tier mascot

Wait, zcash has a mascot?