The Technical Aspects of Monero and Zcash Explained

The technical aspects of Monero and Zcash explained

Monero, also known as XMR, and ZCASH, are two popular cryptocurrencies that use different technical approaches to protect transactions. In this article, we will deepen the underlying mechanisms of these two cryptocurrencies, exploring their main resources, security measures and their implications.

Technical approach to Monero (XMR)

Monero is a private cryptocurrency that uses an exclusive encryption algorithm called Ring signatures. This approach allows anonymous transactions without revealing any personal information or identification on the sender or the recipient.

Here’s how it works:

• Creation of transactions : When a transaction is created, the Monet generates a “Ring signature” using a pre-line hashing ring. Each hatching point in the ring corresponds to a specific data structure.

• Cryption : The signature of the generated ring is then encrypted using a personalized encryption scheme called MPC (multi -party computer). This ensures that only the authorized parts can access and check the transaction data.

• Verification : A group of us, known collectively as “consensus” or “network”, checks the signature of the ring. They use their collective calculation power to resolve a complex mathematical violation, guaranteeing the integrity of the transaction.

ZCASH Technical Argnion

ZCASH is another private cryptocurrency that uses a different technical approach. He uses a combination of techniques, in particular:

• Zero Knowledge Professions : ZCASH depends on zero proof of knowledge systems, such as NK-Snarks (non-interactive knowledge of knowledge of zero knowledge). This evidence allows the transmission of private information without revealing it to anyone.

• Homomorphic Encryption : ZCASH uses homomorphic encryption, which allows calculations directly to encrypted data. This allows a safe and effective treatment of transactions.

Security resources

Both and ZCASH have impressive security features: both:

• Private transactions

  : As mentioned above, these cryptocurrencies use annular signatures and zero knowledge tests to ensure anonymity.

• Homomorphic cryptography : Your homomorphic encryption resources allow a safe calculation in the encrypted data, which makes it difficult for invaders to compromise the system.

Comparison of Moneto and Zcash

Although the two cryptocurrencies share certain similarities, there are also significant differences:

• Evolution : The signature approach to the Monety ring is more evolving than the solution based on zero knowledge.

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Conclusion

Monero and ZCASH are two distinct cryptocurrencies, with unique technical approaches to ensure transactions. Although the two offer impressive security features, they have different strengths and weaknesses.

Monet Ring’s signature approach provides anonymous transactions at a higher scalability rate, but can be slower in the processing of transactions due to the intensive computer verification process.

The solution based on solutions based on zero knowledge allows faster transactions treatment, but depends on more complex mathematician puzzles to check transactions. While the cryptocurrency scenario continues to evolve, it is essential for developers and users to understand these technical aspects of Monero and Zchash to make informed decisions on the cryptocurrency to adopt.

References

• [1] Team Moneto. (2018). Annular signatures.

• [2] ZCASH team. (2020). Zero knowledge tests.

Note: This article is intended for informative purposes only and should not be used as advice or investment orientation. The information provided is based on sources accessible to the public and may not reflect the highest market conditions on dates.