How to form Monero and Zcash the future of private life
The growth of cryptocurrencies caused a new era with digital taxes, but only changed transaction taxes. With decentralized applications (DAPP) and Blockchain -based services, two new players have grown to challenge traditional conceptions of security, anonymity and data protection: Monero and Zcash.
What is Monero?
Monero, also known as Monero-Dash or XMR, is a cryptocurrency that allows users to send anonymous events using tire signatures. These tire signatures ensure that each event is unique, so it is practically impossible to connect more events between them or to identify the individual parts participating in the event.
The technology behind Monero’s anonymity is based on technology, called « Seal-Andi Mix », which hides and mixes the data before sending through the network. This encryption process prevents listening or covering data, allowing users to send events without revealing their identity.
What is zcash?
Zcash, also known as cash (censorship), is a cryptocurrency that uses the same technology as the signatures of the Monero tire. However, add an additional layer of safety using « mixcoin », which breaks down the coins between several addresses before being sent to the network.
Mixcoin is used to cover transaction quantities, which makes it difficult for anyone to monitor individual events. In addition, ZCash uses a technology called « SKke based commitment », which allows users to engage in certain actions without revealing their identities or transactions.
How does Monero and Zcash model the future of digital confidentiality?
The birth of Monero and Zcash has a significant impact on how we think about digital payment systems. By introducing new techniques that improve anonymity, these cryptocurrencies challenge traditional concepts of data security and protection.
Here are some ways in which Monero and Zcash formulate the future of digital confidentiality:
- Increased anonymity : The use of using tire signatures by Monero and ZCash offers a high anonymous level, which makes it difficult to track the law enforcement authorities.
- Improved Privacy : Monero and Zcash’s safety features provide additional protection against information violations or hacking attempts.
- reduced supervision : allowing the sending of anonymous events, these encryption coins reduce the risk of government or corporate controls trying to monitor their activities.
- The new operating cases DAPP : Implementation of tire signatures in Monero and Skink, based in the ZCASH Open new uses for decentralized applications (DAPP), such as secure storage, identity authentication and peer review.
Impact on a wider digital economy
Although the birth of Monero and Zcash may seem narrow at first glance, their effects are long. Here are some possible effects:
- New income flows for traditional companies : Because governments and companies are increasingly worried about data protection, they must adapt their policies to adapt these new techniques.
- Increased competition on the cryptocurrency market : Monero and zcash growth can lead to increased competition between other cryptocurrencies, leading the innovation and improvement of safety standards throughout the industry.
- New opportunities for distributed applications : When users are looking for safer and more private ways to use DAPP: East, we may see the spread of new services that offer anonymity and confidentiality.
Conclusion
The birth of Monero and Zcash represents a significant change in how we think of digital and security payment systems.
