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San Francisco
3 Level
53 Review
16 Karma

Review on Monero by Jeff Shaw

Revainrating 3 out of 5

privacy protecting crypto asset

Monero is one of the most widely known and respected privacy protected crypto currencies. Monero utilized ring signature technology which is a transaction mixer. Some argue that mixer technology is inferior to zero knowledge proofs that Zcash utilizes because there is a potential to unscramble the transaction identifications utilizing chain analysis. All in all, Monero has built a name in the community for solid transaction of value when privacy is important.

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Pros
  • great for sending anonymous transactions
  • strong community support
Cons
  • utilizes ring signatures that is not as secure as zero knowledge proofs

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