EPIC Cash compared to ZCash, Pirate Chain and Monero
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Monero was the first cryptocurrency to address Bitcoin Core's lack of anonymity. Though transactions are not visible from the outside, sensitive data such as recipient, sender and amount are stored encrypted on the blockchain. Ring-shaped transactions, known as RingCT, provide further obfuscation of transactions. The algorithm behind RingCT merges several users into groups. Thus, a transaction can only be assigned to one group, the individual user "hides" himself and his transaction amount in the group. Anyone who wants to view transactions needs a key, the private key or the so-called “view key''. While the private key is available to the recipient and the sender, the view key also allows third parties to view the transactions on the blockchain.
EPIC Cash compared to ZCash, Pirate Chain and Monero
EPIC Cash compared to ZCash, Pirate Chain and…
EPIC Cash compared to ZCash, Pirate Chain and Monero
Monero was the first cryptocurrency to address Bitcoin Core's lack of anonymity. Though transactions are not visible from the outside, sensitive data such as recipient, sender and amount are stored encrypted on the blockchain. Ring-shaped transactions, known as RingCT, provide further obfuscation of transactions. The algorithm behind RingCT merges several users into groups. Thus, a transaction can only be assigned to one group, the individual user "hides" himself and his transaction amount in the group. Anyone who wants to view transactions needs a key, the private key or the so-called “view key''. While the private key is available to the recipient and the sender, the view key also allows third parties to view the transactions on the blockchain.