Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.
Editor's Note: This article comes from
Golden Finance
, reprinted by Odaily with authorization.
With the beginning of the Year of the Ox, the privacy currency track is booming.
As of 17:00 on February 19th, Beijing time, according to data from coingecko, Monero (XMR), Dash (Dash), ZEC (ZEC), and horizen (ZEN) had a gratifying increase in the past 7 days, among which Dash The increase was nearly 100%, and the 7-day increase of ZEN also reached 60%.
On January 10, Grayscale Fund founder Barry Silbert tweeted that 2021 will be a year of privacy protection, decentralization and resistance to censorship. So let's take a look at what big moves privacy coins will make this year.
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Monero
Monero is considered to be the most hidden cryptocurrency at this stage. It uses encryption technology to shield sending and receiving information and transaction amounts, and adopts ring signatures and obfuscated addresses to ensure anonymity. By default, any transaction details about Monero are invisible. On February 15, Monero officially tweeted that it had completed the zero-knowledge proof system Bulletproofs+ code audit.
Add onion address to Monero official website
Triptych: linkable ring signatures with logarithmic size for applications
Kastelo: Open source hardware wallet
Layer-2-based solutions for speed and scalability
Dash Core v0.17
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Unlike Monero, Dash does not have privacy as its sole purpose, but makes the privacy of transactions an option for users. In general, both addresses and transactions are visible on the public Dash blockchain. However, users can leverage the PrivateSend feature to obfuscate transactions. Dash's X11 algorithm and improved pos mechanism uses "CoinJoin" for private transactions.
ZEC
Dash Platform 0.18 and 1.0 RCbitcoinDash Core v0.18
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bitcoin
ZEN
Version 0.11.2 of the code was modified, and Zcash is also the first blockchain project to use a zero-knowledge proof mechanism, which provides complete payment confidentiality while still being able to use a public blockchain to maintain a decentralized network. Transactions on Zcash automatically hide the sender, receiver, and amount of transactions on the blockchain. Only those who have the view key can see the details of the transaction.
Some analysts believe that compared to Monero, after 18 years of Salping upgrades, and then Halo2 planned for this year, ZEC will crush XMR in terms of technology and experience. In addition, because the technical architecture of Monero CryptoNote is too heavy, and the design of absolute privacy is not conducive to DeFi and business audit requirements, ZEC will completely surpass XMR from the technical level and commercial application level. 2021 will be the first year for ZEC to prove itself .
A few days ago, the Zcash Foundation tweeted that it is recruiting positions such as cryptography engineer, chief operating officer (COO) and core engineer.
