Secure Fungible Since transactions are not private, the potential exists for an entity to block or blacklist certain coins, making them less valuable than the others. Zerocoin would give you this incredible privacy guarantee, then we could add on some features which let the police, for instance, to be able to track money laundering. Decentralized All Monero nodes are equal. Not all privacy-centric coins can deliver 100% privacy, untraceability, security and fungibility in a 100% decentralized coin with a trustless setup. Fungible All coins are equal and have the same value. Untraceable Secure Fungible Decentralized All nodes (a node is a running instance of the coin s blockchain) of the network are equal. There is a superclass of nodes, called Masternodes whose owners have more influence over the system than regular node operators. DASH Private DASH has a rich list, so this is not a private coin. Secure Using a distributed peer-to-peer consensus network, every transaction is cryptographically secured.
Monero also has peer-reviewed research papers which mathematically and systematically verify all of its properties listed above. Here s what these attributes are and why they re important: Private Your finances are not visible to the public. This makes DASH semi-centralized instead of the ideal 100% decentralized system. See the note on the lack of Bitcoin fungibility below since the same principle applies to Zcash. There is no superclass of nodes which have more influence or control over transactions or the system than other nodes. See the note on the lack of Bitcoin fungibility below since the same principle applies to DASH. Zcash is not unconditionally sound, can t be with current tech. Put a Verge address in the blockchain explorer (or here) and see for yourself how much money it has, as well as all of its past transactions. This ensures that your purchases, receipts, and other transfers remain private by default.
requires a trusted setup… will need to redo the procedure [Trusted Setup] to upgrade the crypto over time so it s a vulnerability. Untraceable Since all Verge transactions are visible on the blockchain, all Verge transactions can be traced. Hidden transactions use the zk-SNARKS algorithm which is fairly new, and therefore it hasn t had rigorous academic testing.Enigma.. The only things that need to be trusted are the source code (which can be verified by anyone) and math. Secure Fungible Since no transactions are private, the potential exists for an entity to block or blacklist certain coins, making them less valuable than the others. Further reading Zcash mining Zcash Mining calculator Here is a rudimentary mining calculator. A user, vendor, or any other entity can t block or blacklist certain Monero coins since the transaction history of Monero coins is ambiguous. .Ethereum Classic.