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

  • JimmyCryptoMan213@lemmy.world
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    3 months ago

    Keep in mind not all “privacy coins” are private. Some claim to be private because they have a privacy mode or just simply use IP obfuscation.

    All monero transactions are private. The sender, reciever and amount are hidden. This is a true privacy coin because of these three features.

    ZCash privacy is opt in

    Dash I do not consider to be a privacy coin but is called a privacy coin since it has a privacy send mode.

    There is Firo which I have not used much but I believe its privacy is opt in

    Zano is a privacy coin that looks promising.