How do privacy coins like Monero and Zcash protect user privacy?

3 answers

• kjbnSep 11, 2024 · a year ago
  Privacy coins like Monero and Zcash protect user privacy through the use of advanced cryptographic techniques. They employ features such as ring signatures and stealth addresses to obfuscate the sender, receiver, and transaction amounts. This makes it difficult for anyone to trace the origin or destination of a transaction, ensuring user privacy.
  348

  174
• Adamsen DouglasApr 07, 2023 · 3 years ago
  Privacy coins like Monero and Zcash use a technology called zero-knowledge proofs to provide privacy. Zero-knowledge proofs allow users to prove that a transaction is valid without revealing any additional information. This ensures that the details of the transaction, such as the sender, receiver, and amount, remain private.
  326

  109
• Nick's WebApr 13, 2022 · 4 years ago
  Privacy coins like Monero and Zcash prioritize user privacy by implementing strong encryption and privacy-focused features. For example, Monero uses ring signatures to mix the sender's transaction with others, making it nearly impossible to trace back to the original sender. Zcash, on the other hand, uses zk-SNARKs to provide privacy by encrypting the transaction details. These privacy features make it difficult for anyone to link transactions to specific individuals, ensuring user privacy.
  495

  124