submitted 2 months ago by owe_addams@monero.town to c/monero@monero.town

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

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[-] JimmyCryptoMan213@lemmy.world 8 points 2 months ago* (last edited 2 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.

[-] owe_addams@monero.town 2 points 2 months ago

Thanks for the explanation. Will use Monero further

this post was submitted on 20 Sep 2024

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