this post was submitted on 20 Sep 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Android (Cake Wallet) / (Monero.com)

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iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

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Monero, XMR, crypto, cryptocurrency

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Is Monero better than other anonymous coins, like ZCash and stuff? (monero.town)

submitted 1 month ago by owe_addams@monero.town to c/monero@monero.town

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Hey, guys. Can anyone explain in simple words, what are the main benefits of Monero compared to other anonymous coins?

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[–] shortwavesurfer@lemmy.zip 1 points 1 month ago

Mainly opt-in privacy versus privacy by default. With other coins they are opt-in privacy and by being opt-in most people don't use the privacy benefits and those who do stick out from the rest of the crowd. Wherein Monero all transactions are private no matter what and so nobody sticks out for having a private transaction