It is a great question and I don't have the most technical answer for you because the cryptography is so complex. So with DASH it is like mixing your transactions up with everyone elses. With Monero it uses something called Ring-CT which I don't have a great explanation for. Zcoin is based on a respected crypto white paper called Zerocoin and essentially mints a new coin and burns the old coin when a person does a transaction from what I understand. It is all very complex and I'm not a PhD in cryptography.
I think the main thing that I'm taking into consideration is that all these technologies are going to approach is slightly differently and if we take positions in all of them to some capacity then some will ultimately survive and some won't. It looks like there is decent community support out there for Zcoin and no one is saying that it is "fake technology" or anything like that. So I'm mainly going off that and taking a chance on it and trying to learn more. Kind of gently stepping into it and not risking tons of money right now.
I agree that its a good idea to take a position on as many anon coins as possible (although I dont have the funds for that yet, so im hedging strongly on Monero for now!). There is definitely requirement for them, as open ledgers are not ideal for financial privacy.
It is a great question and I don't have the most technical answer for you because the cryptography is so complex. So with DASH it is like mixing your transactions up with everyone elses. With Monero it uses something called Ring-CT which I don't have a great explanation for. Zcoin is based on a respected crypto white paper called Zerocoin and essentially mints a new coin and burns the old coin when a person does a transaction from what I understand. It is all very complex and I'm not a PhD in cryptography.
I think the main thing that I'm taking into consideration is that all these technologies are going to approach is slightly differently and if we take positions in all of them to some capacity then some will ultimately survive and some won't. It looks like there is decent community support out there for Zcoin and no one is saying that it is "fake technology" or anything like that. So I'm mainly going off that and taking a chance on it and trying to learn more. Kind of gently stepping into it and not risking tons of money right now.
I hope that helps.
I agree that its a good idea to take a position on as many anon coins as possible (although I dont have the funds for that yet, so im hedging strongly on Monero for now!). There is definitely requirement for them, as open ledgers are not ideal for financial privacy.
Yeah for sure. Out of the main top anon coins I like Monero the best. I always have since 2014