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this post was submitted on 20 Sep 2024
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Android (Cake Wallet) / (Monero.com)
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Monero, XMR, crypto, cryptocurrency
founded 1 year ago
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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.
Thanks for the explanation. Will use Monero further