how does zencash compare to monero?
i know monero is a top coin but this one has been making some noises, not sure its the right kinda noises
anyone knows if zencash has real anon or if its just junk?
When evaluating new cryptocurrencies, always ask yourself:
Is it fairly distributed? There should be no ICO, no insta-mine or pre-mine, no "allocated block rewards", and no proof-of-stake, ever. And let's not argue why PoS is a security nightmare. Those who support it usually have a lot to gain.
Any project that passes the above test is worth looking at, because the developer's incentives are usually more aligned with those of the users. Projects that fail the above test are
not worth looking at, because the creators directly benefit from the deception of the users. Run away.
More useful follow-up questions to ask yourself:
Is development community funded via donations/volunteers, or paid for by organizations or high-profile individuals?If it's not a grassroots/community project, then whoever is running it is almost certainly trying to make money. Run away.
Are the decision makers an exclusive group separate from the rest of the community, that dictate the direction of the project?This is a red flag that the people in charge treat the project like a company (a profit machine), with you being the consumer (or sucker). Run away.
Questions to ask when evaluating privacy/anonymity claims:
Are private transactions optional?If so, any privacy claims are
bullshit. No excuses or arguments. Just run away.
Are addresses or balances visible on the blockchain?If so, there's no actual privacy. Run away.
Is privacy secured via some new Whizbang PrivacySystemTM that you've never heard of?Basically, if there isn't a whitepaper with actual math in it, run away.
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EDIT: The questions above are ordered by importance. There's no point assessing a coin's privacy if it isn't even fairly distributed.