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RE: DYK? Most Efficient PRIVACY Coin on the Planet
While I'm checking into the details, what are the pros / cons vs. ZCash or Monero?
While I'm checking into the details, what are the pros / cons vs. ZCash or Monero?
This pretty much sums it up:
Source
Completely disagree. That chart is worthless.
PIVX is decentralized as it is a POS coin that everyone has a chance to stake and get the rewards. Not select miners with high hash power. Anyone can be a masternode holder and vote on the direction of PIVX. ZPIV is untraceable, as it uses the zerocoin protocol.
Fungible really? This is obvious the chart came from a monero fan. To say that Bitcoin is not fungible but monero is?
That is a biased chart with no factual proof.
I'd like to learn more, can you provide some unbiased sources?
You will need to go to each coin's website and read their whitepapers.
Dash has an option to be private, but last i heard they put that on hold because someone with 6 masternodes could possibly identify people.
PIVX is a fork of Dash, but it is Proof Of Stake (POS) rather than Proof Of Work (POW). So, each person with their wallet open has the chance to receive staking rewards. Your become the miner. I was a masternode holder for a long time, but moved out of PIVX due to other endeavors. As a masternode holder, you vote on everything that happens within PIVX. PIVX recently came out with their Zerocoin protocol (read about it at PIVX.org) and is similar to Zcash. The difference is it is a POS coin so the implementation is different.
All these coins are fungible (ease to spend); however, I would rank BTC as #1, Monero #2, Dash #3, ZCash #4, PIVX #5, and Verge #6.
When the chart says Monero is untraceable, that is a lie. Monero uses a ring structure to hide their transaction. The creator of Monero (Spangi I think is his name) has never said it is untraceable. Rather he claims it would be very labor intensive and someone would have to go though many hours of work to follow the money.
Zcash is unique in how their seed was developed to create the genesis block. Supposedly it is unknown to everyone and was destroyed. There is a big long video documenting it's creation. Quite interesting to a geek like me. Anyway, you are putting faith into the fact that the seed was destroyed and no one knows it. Otherwise Zcash can be created out of thin air. It hasn't happened yet, but who knows.
I don't know much about verge as it is the newest to the block.
I like Monero. But this chart is nonsense.