this post was submitted on 20 Sep 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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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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[–] monerobull@monero.town 9 points 1 month ago* (last edited 1 month ago) (4 children)

Objectively, if used correctly, ZCash has better transaction privacy, at least until FCMP++ goes live with (probably) the next Monero hardfork. After FCMP++ goes live, no, Monero will be the objectively best privacy coin in all aspects.

In reality you have about 400 fully private ZCash transaction per day and 40.000 for Monero. You might literally be the only person making a Zcash transaction that day within a +100 mile radius, not much of a crowd to hide in.

There are many other factors like ZCassh having a CEO, dev fee, moonboy community and even their garbage tier mascot that make people prefer Monero.

[–] silverpill@mitra.social 2 points 1 month ago (3 children)

@monerobull @monero @owe_addams

>their garbage tier mascot

Wait, zcash has a mascot?

[–] baz@monero.town 2 points 1 month ago* (last edited 1 month ago)

I don't know about a "mascot", but they will sue you if you use their logo without permission point your browser over here

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