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That's incorrect, Monero does not leak amounts since they created and added RingCT (currently compulsory on testnet, and compulsory on mainnet from a hard fork
by plasticmachine 10y ago
That's incorrect, Monero does not leak amounts since they created and added RingCT (currently compulsory on testnet, and compulsory on mainnet from a hard fork next year September) - https://lab.getmonero.org/pubs/MRL-0005.pdf https://lab.getmonero.org/pubs/MRL-0005.pdf
Not only does Monero already do what ZCash is trying to do, but it has two main advantages:
1. EVERY transaction is private, which means that the entropy of the anonymityset is continuously growing. Instead, ZCash restricts privacy to an opt-in mechanism (mostly due to private transactions being horrible - requiring north of 8gb of RAM and several minutes on a modern computer) which means that there is a trivial amount of entropy, and deanonymization is pretty trivial.
2. Monero is focusing on further improvements that ZCash is just dreaming about, such as their C++ i2p router, Kovri. They can do this because they've been in production, tested, and hammered for several years.
The real question is: what does ZCash provide that Monero doesn't, except some sort of ridiculous "star cred"?
- mrb 10y agoMonero doesn't already do what Zcash is doing. As you point out yourself, it will be "next year September" that RingCT will be live. I agree with your other criticism of Zcash though. The situation is far from perfect.
- plasticmachine 10y agoNo, it'll be MANDATORY from next year September, not LIVE from next year September...