SlowMist founder Cosine: Zcash's privacy mode is more easily accepted by regulators, while Monero remains more "hardcore" in terms of strong privacy.

robot
Abstract generation in progress

Odaily Planet Daily news: SlowMist founder Cosine stated in a post that there have recently been opinions claiming “large-scale Zcash transactions can be traced,” but this is nothing new. Since its inception, Zcash’s privacy mode has adopted an “optional privacy” design: z-addresses offer strong privacy, while t-addresses are transparent and traceable. Cosine pointed out that because of this, Zcash is more acceptable in terms of regulatory understanding compared to Monero, which defaults to strong privacy. Currently, almost all Zcash addresses used by mainstream platforms start with t, which also reflects that “the group with a real strong demand for privacy is very small, while platforms need to cater more to regulation.” In his view, in terms of privacy strength, Monero is still a more “hardcore” privacy asset, but Zcash’s design strikes a better balance between privacy and regulation, “so the road may be broader.” Cosine also added an analogy: Bitcoin is like HTTP, Zcash is like HTTP/HTTPS coexistence, and Monero is like pure HTTPS.

ZEC-5.48%
BTC-0.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Related Topics
#
ZEC
#
Xmr
#
区块链
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)