Ethereum: comprehensive guide to Monero, Dash and ZCash

As the world’s largest cryptocurrency, Ethereum has gained significant attention over the years due to its unique features, advantages and improvements. Among the numerous cryptocurrencies that have appeared since its creation, the three known are Monero, Dash and Zcash. In this article, we will delve into the differences between these three digital currencies, their relevant strengths, weaknesses and innovations that distinguish them.

Monero: A nicknamed book

Monero is a decentralized cryptocurrency known for advanced privacy functions. Lacamara’s “Gimes” “Grimes” developed by Andreas Antonopoulos and Arthur, Monero uses the Monero protocol to enable anonymous transactions. This protocol uses ring signatures that allow users to make payments without disclosing their true identities. The private character of Monero makes it an attractive choice for people who value financial security and discretion.

Key functions:

* Anonymous transactions : Monero ring signatures ensure that the transaction amounts will not be disclosed by the sender or recipient.

* Private keys : Each user has a unique private key that should be kept secret to keep anonymous.

* Decentralized book : Blockchain Monero is decentralized, which means that it is not kept by a single being.

Dash: Hybrid cryptocurrency

Dash, developed in 2014 by Evan Brinkley and Cary Schwartz, is another cryptocurrency that prioritizes speed and scalability. Dash uses the X11 Proof-V-Stake consensus algorithm to achieve faster transaction processing time compared to other cryptocurrencies such as Bitcoin. One of the key innovations Dask is the use of the “ZCash” protocol (ZEC), which provides improved anonymity using a technique called “zero-many proof”.

Key functions:

* Fast transaction processing : X11 Dash algorithm allows for quick transaction processing times.

* ZCash protocol : The ZCash protocol increases the features of anonymity by zero-I know with evidence.

ZCash: fully private cryptocurrency

ZCash, released in 2016 by Zoltan Szalaya and the Ethereum Foundation team, is a cryptocurrency that combines the benefits of Monero and Dash. The ZCash protocol uses the technique called “Evidence of Zero Knowledge” to enable anonymous transactions without disclosing the user’s identity. This innovative approach makes ZCash an attractive choice for people who require increased financial privacy.

Key functions:

* Fully private transactions : Evidence of zero knowledge ZCash ensure that the transaction amounts have not been disclosed by the sender or recipient.

* Intelligent contracts

: The ZCash protocol allows the use of intelligent contracts that can automate completed transactions and reduce costs.

comparison and advantages

|. Function Monero Dash ZCash

|. — | — | — | — |

|. Privacy High Fast transaction processing Fully private transactions

|. Speed Medium Fast transaction processing Medium to slow

|. Scalability Low Medium to slow High

|. Security Medium Fast transaction processing High

|. Team of programmers Little Big Smaller

Application

Ethereum played a significant role in shaping the cryptocurrency landscape. Understanding Monero, Dash and ZCash, investors can make informed decisions about which digital currency best suits their financial needs. While each of these cryptocurrencies offers unique advantages, ZCash’s emphasis on full anonymity makes it an attractive option for people looking for increased financial privacy.

It should be remembered that this article aims to present a general review of differences between Monero, Dash and ZCash. It is necessary to conduct thorough research and consult experts before making any investment decisions.