#9: Privacy Coins Explained—A Deep Dive into Monero (XMR) and Zcash (ZEC)...and also SumoKoin
Aaron & Jay go inside the privacy altcoins Monero (XMR) and ZCash (ZEC), exploring why we might need fungible and anonymous currency, and how they differ from Bitcoin and each other. Plus, the role of dark net markets and money laundering in coin adoption and the possibility that Bitcoin could add privacy features as a secondary layer.
Aaron & Jay go inside the privacy altcoins Monero (XMR) and ZCash (ZEC):
- what coin fungibility and anonymity really mean
- how privacy coins differ from Bitcoin—and whether Bitcoin might add those features as a secondary layer in the future
- whether the association of Monero with dark net markets and money laundering is good or bad for price (and ethics?)
- how academic research led to defining privacy features of Monero (Ring Signatures) and Zcash (ZSnarks) and how they work (actually we don't really understand, but we try!)