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I have been reading through and also noticing this. I was looking for a better explanation too - from what I understand basically: Monero uses ringCT algorithm

I have been reading through and also noticing this. I was looking for a better explanation too - from what I understand basically: Monero uses ringCT algorithm on transfer to mix the payments and obfuscate the sender Monero has a private view key and separate spend key. View key can decrypt transactions made by you to confirm your total balance (Monero balance is unknown to daemon, is calculated as (xmrRecieved - xmrSpent) ZCash has 'zero-knowledge' proofs and while the whitepaper[1] is a bit intense it uses a novel Proof-of-Work explained within. Called zero-knowledge Succinct Non-interactive ARguments of Knowledge (zk-SNARKS). ZCash coins origins obfuscated before recieved by user, reducing need to mix payments together Personally, I think they're both great and it's a healthy time for a privacy-based cryptocurrency face off. Having said that, ZCash theoretically sounds better (to me) yet Monero is proven in the wild - and both have people with money already sunken in. IMO the cryptocurrency world will be much better off when it's userbase is looking for a CURRENCY and not a COMMODITY. [1]: http://zerocash-project.org/paper http://zerocash-project.org/paper [2]: https://github.com/zcash/zips/blob/master/protocol/protocol.pdf https://github.com/zcash/zips/blob/master/protocol/protocol.... [3]: https://www.reddit.com/r/Monero/comments/41vg68/monero_vs_zcash_eli5_fundamental_differences/ https://www.reddit.com/r/Monero/comments/41vg68/monero_vs_zc... - decent ZEC vs XMR ELI5 thread edit: formatting

Ar-Curunir 10y ago
SNARKs are not proofs-of-work, but are instead used to prove that you can spend a coin, without revealing which coin you're spending.
llamataboot 10y ago
What is the difference between a currency and a commodity? If the rate of appreciation is perceived as high enough, and the exchange rate into goods and services is high enough, anyone will have a tendency to hoard a currency - why wouldn't you? It would be simple to create an alt-coin that degrades in value over time, thus encouraging circulation and not hoarding (though how you would battle fake-circulation through shill transactions is up for debate), but no one wants to buy into such a thing. I happen to think the conflation of money/debt/interest with the corresponding need for continual economic growth is one of the great tragedies of our age, but I'm not entirely sure how to get out of it.
- Dylan16807 10y ago
  > What is the difference between a currency and a commodity? Whether you want to spend it. > If the rate of appreciation is perceived as high enough, and the exchange rate into goods and services is high enough, anyone will have a tendency to hoard a currency - why wouldn't you? Of course it's reasonable to do in such a situation, but that doesn't make it good for the thing being hoarded. Ideally a currency would have minimal appreciation.

Ar-Curunir 10y ago

SNARKs are not proofs-of-work, but are instead used to prove that you can spend a coin, without revealing which coin you're spending.

llamataboot 10y ago

What is the difference between a currency and a commodity? If the rate of appreciation is perceived as high enough, and the exchange rate into goods and services is high enough, anyone will have a tendency to hoard a currency - why wouldn't you? It would be simple to create an alt-coin that degrades in value over time, thus encouraging circulation and not hoarding (though how you would battle fake-circulation through shill transactions is up for debate), but no one wants to buy into such a thing. I happen to think the conflation of money/debt/interest with the corresponding need for continual economic growth is one of the great tragedies of our age, but I'm not entirely sure how to get out of it.

Dylan16807 10y ago
> What is the difference between a currency and a commodity? Whether you want to spend it. > If the rate of appreciation is perceived as high enough, and the exchange rate into goods and services is high enough, anyone will have a tendency to hoard a currency - why wouldn't you? Of course it's reasonable to do in such a situation, but that doesn't make it good for the thing being hoarded. Ideally a currency would have minimal appreciation.