Understanding the mechanics of Monero and Zcash: a deep dive

Monero, Zcash and other cryptocurrencies have become increasingly popular in recent years due to their innovative characteristics, high level of safety and growing adoption. Although these coins have attracted significant attention, understanding underlying mechanics may be overwhelming to new investors and enthusiasts. In this article, we will delve into the main concepts and technologies that conduct Monero and Zcash, providing a comprehensive understanding of how they work.

Monero: The pseudonym Ledger

Monero, usually called “private” due to his anonymity emphasis, uses a unique set of cryptographic techniques to achieve this goal. In essence, the monet is based on the concept of “pair of public keys”, consisting of three components:

• Public Key : A public address (or “Outaddress”) that can be used for transactions.

• Private Key : A secret number (known as “seed”) used to sign and check transactions.

• Non -interactive signature (NTP) : A digital signature created using the private key, which authenticates and checks the sender of a transaction.

To create a non -interactive NTP signature, the monet uses a combination of ellical curve cryptography techniques (ECC). ECC is a family of cryptographic algorithms that use a curve to perform calculations. In the case of Moneto, the “NTP” algorithm depends on the Curve SECP256K1, which provides high safety and efficiency.

MONERO TRANSACTION PROTOCOL

When a user wants to send funds from his outddress to another user’s outddress, he creates a transaction using the Public Moneto Chaves pair. This transaction is transmitted to the network, where it goes through several processing steps:

• Transaction Validation : The transaction is verified by us in the network to ensure its validity and safety.

• NTP Subscription Generation : An non -interactive NTP subscription is generated for each transaction using the private key.

3.

ZCASH: DOUBLE PREVENTION Spending

Similar to the monet, Zcash also employs advanced cryptographic techniques to avoid dual spending attacks. Zcash’s main concept is the “double -spent” (DSP) protection mechanism, which ensures that users cannot spend the same amount of money Z twice.

Zcash uses a combination of Ellic Curve encryption and hash trees to reach DSP. The main components include:

• hash tree : A data structure that stores transactions hierarchically.

• Blinding factor : A random number used to mask the value of each transaction, ensuring that it cannot be directly linked to the sender.

To avoid double spending attacks, Zcash uses a “work proof” protocol called “Zero-Knowledge Proof”. This allows users to prove the validity of transactions without revealing their private keys. When a user tries to spend funds twice, Zcash creates a new hash tree that is unique and not correlated with existing transactions. If two of these trees are discovered, the attempt will be rejected.

Comparison and Conclusion

While Monero and Zcash offer innovative security features, there are different differences between them:

* Security : Both coins are designed to be highly secure, but the monety focus in anonymity and Zcash emphasis on zero knowledge tests provide different levels of protection.

* Scalability

: Monet implementation is more efficient for large-scale use cases, while ZCash focuses on rapid transaction processing due to its “zero-know-how” protocol.

In conclusion, understanding the mechanics behind Monero and Zcash can be complex, but provides a solid foundation to appreciate its innovative characteristics.

INFLUENCE INFLUENCE PROOF CRYPTOCURRENCY TRADING