Mechanics of Private Life: How do Monero and Zcash work

In today’s digital age, online data protection has become a priority for individuals around the world. By increasing social media, E -Mail and cloud storage, we collect, share and sell our personal data on our personal data. While governments and companies have long stated that the necessary measures are in place to protect information, these systems have many mistakes or misconduct, thus becoming vulnerable to computer threats.

In response to this growing concern, two innovative cryptocurrencies, Monero (XMR) and Zcash (ZEC) offer robust solutions to maintain online anonymity. Both coins use advanced cryptographic techniques, ensuring that the transactions are safe, private and difficult to track. In this article we are immersed in the mechanics of the operation of the two cryptocurrencies.

Monero: Secret Medal

Monero is a Peer-to-Peer cryptocurrency that operates on a unique consensus algorithm called ring signatures. This algorithm allows fast, secure and private transactions without exploring the sender or recipient identification information. It works like this:

• Transaction -End : When a user initiates a transaction in Monero, a random, unique transaction hash is created as a digital fingerprint.

• Private Key Generation : The user generates a private key set for each transaction that is stored on the local device. These keys are encrypted using the transaction hash.

• Ring Signature Creation

  : When the recipient wants to confirm the receipt of the transaction, a new ring signature is created by combining multiple private keys and the sender’s public key.

• Transaction Verification : The recipient checks the ring signature by decoding it, which allows them to trust the transaction correctly.

The ring signature creates an encrypted message that contains the transaction information and the recipient’s public key. This ensures that even if someone captures the history of the entire transaction, they would not be able to determine who sent the funds or delegated.

ZCASH: SUCCESS-CONSTRUCTION Coin

Cash, on the other hand, is a work-based cryptocurrency that uses a more complex consensual algorithm called ZK-Snarks (zero knowledge of concise, non-interactive knowledge). This technology allows secure and private transactions without exploring any information about the sender or transaction.

This is how zcash works:

• Private Key Generation : Similarly to Monero, users generate private keys for all transactions.

• Transaction -withdrawal

  : Like Monero, users create a unique transaction hash code that serves as a digital fingerprint.

• Zcash Transaction Control : The recipient checks the ring signature by decrypting it and confirmed that the transaction has been correctly received.

The most important difference in Zcash lies in the use of ZK-Snarks. This technology allows a safer and more efficient work-consensus algorithm, which is expensive in calculation but designed to be relatively fast. As a result, Zcash transactions are certified using extremely high levels of computation and thus virtually not detected.

Conclusion

Monero and Zcash represent two leading approaches to online data protection and security. By taking advantage of advanced cryptographic techniques, these coins offer robust solutions to users to maintain their anonymity in the digital age.

Although both currencies have been criticized by government agencies and critics, they prove that there are alternatives to traditional cryptocurrencies that are prioritized by user data protection and security.

ETHEREUM DIFFER ALIKE