How to make the most private anonymous cryptocurrency
Move aside monero, dash, bitcoin mixers and zcash
to make a truly anonymous coin you need to make a coin which has all of these feature in it. Again i said all!!
The coin will use ring signatures and stealth addresses then add zk-snarks. Then add a masternode(coinjoin) so the coin will have another mixer. Then add a smart contract on top of the coin like counterparty but for the private coin. Then make a smart contract mixer so the coins will be mixed once again. And if you want even more privacy just create a mixer like bitcoin mixer but for the coin. And boom the coin has got mixed so many times it literally almost impossible to track it well..harder to trace it than other coins.
never said it was fast sacrifice some speed for more privacy.
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sha256 is already invented ;)
It is much stronger than the mixing stuff that you wrote about
Monero unites "untraceable" + "encoded"
So, before you even try to decode encoded transaction, you have to trace it. Nobody transfers such amounts yet that worth trying to trace and decode.
isn't sha256 used by bitcoin already? It not that secure. Monero main privacy feature based on articles involved it ring signature(coin mixing) and sleath address. Yes ephemeral key, memory bound function CryptoNight, are features too but not the most looked one's. If monero(or a cryptonight coin) adds zk-snarks and a master node to mix of coins more it increases more privacy(not is perfect) but it will be better.
read about ephemeral key, memory bound function CryptoNight, CryptoNote in general and sha256 encryption.