How do privacy coins like Monero and Zcash protect user identities?

3 answers

• Nov 24, 2021 · 3 years ago
  Privacy coins like Monero and Zcash use advanced cryptographic techniques to protect user identities and ensure transaction privacy. They achieve this by implementing features such as ring signatures, stealth addresses, and zero-knowledge proofs. Ring signatures mix the spender's transaction with others, making it difficult to determine the true source. Stealth addresses generate unique addresses for each transaction, preventing address linkage. Zero-knowledge proofs allow the verification of transaction validity without revealing any sensitive information. These combined techniques make it extremely challenging to trace transactions back to individuals.
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• Nov 24, 2021 · 3 years ago
  Alright, so here's the deal with privacy coins like Monero and Zcash. They use some fancy cryptographic stuff to keep your identity hidden and transactions private. You've got ring signatures, which mix up your transaction with a bunch of others, making it super hard to figure out who's who. Then there are stealth addresses that give you a unique address for each transaction, so nobody can link them back to you. And let's not forget about zero-knowledge proofs, which let you prove that your transaction is legit without revealing any personal info. It's like magic, but with math!
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• Nov 24, 2021 · 3 years ago
  Privacy coins like Monero and Zcash are designed to protect user identities and transaction privacy. They accomplish this through the use of advanced cryptographic techniques. For example, Monero uses ring signatures, which mix the spender's transaction with others, making it nearly impossible to identify the true source. Zcash, on the other hand, employs zero-knowledge proofs, allowing the verification of transaction validity without revealing any sensitive information. These privacy features make it extremely difficult to trace transactions back to individuals, ensuring a high level of anonymity and privacy for users.
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