So is Zcash better than Monero? I need to do more research
Discussion
zcash frequently complies with regulators and doesn't have good privacy by default (privacy is opt-in). Coupled with lower usage compared to monero, it results in a really low anonymity set.
It's very centralized and they keep making deals with regulators, that's why zcash is getting back on exchanges it was previously delisted.
Technically, zcash has better privacy since zaphir shields are superior to blinded signatures (used by monero). Monero can potentially upgrade to zcash's zaphir but that requires a hardfork.
I was reading Monero development roadmap and looks like there’s a long way to go still for them to reach “true privacy” but at least they have a clear vision.
Bitcoin development has come to cross roads and the community has become quite divided on what so develop out next. Bitcoin ossifying too early has downsides that many don’t realise.
Big fan of what the Monero devs are trying to do at least.
I think the fact Zcash has optional transparency and privacy makes it weaker. Yes it’s more likely to get regulators approval. But the point of cryptocurrency is to not ask for approval in the first place.
The *privacy tech* that Zcash uses is better, and their researchers are great. But Zcash itself not so much...
Bad implementation of the tech and design decisions: optional privacy, not fungible, no default IP privacy, trusted setup, dev tax on mining, centralized corporate entity, transitioning to PoS, etc.
Bias source obviously, but much of this is true if you DYOR: