Is BitcoinConfidential a lot like monero

Bitcoin is good but the blockchain offers an open ledger of all transactions. So your transactions can be tracked back to you.Monero gained popularity because transactions could not be tracked back. Now with the arrival of BitcoinConfidential which happens to be a sister coin of smartcash https://smartcash.cc/ there would be a new possibility. BitcoinConfidential would have an added privacy layer built into it making it truely invisible to those who want to keep track. Burn the coins and recreate them creating full fungibility. The world awaits the birth of BitcoinConfidential