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Understanding the Mechanics of Monero and Zcash: A Deep Dive
Monero, zcash, and other cryptocurrencies While these coins have garnered significant attention, understanding the underlying mechanics can be overwhelming for new investors and enthusiasts alike. Monero and Zcash, providing a comprehensive understanding of how they work.
Monero: The Pseudonymous Ledger
Monero, utilizes a unique set of cryptographic techniques to achieve this goal. At its Core, Monero is based on the concept of a “public key-pair,”
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- Private key : a secret number (known as a “seed”) used to sign and verify transactions.
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To create a non-interactive NTP Signature, Monero Uses a combination of techniques from Elliptic Curve Cryptography (ECC). ECC is a family of cryptographic algorithms that use a curve to perform computer computations. In Monero’s Case, the “NTP” algorithm relies on the sec256k1 Curve, which provides high security and efficiency.
Monero Transaction Protocol
When a user wants to send funds from their outgrowdress, they create a transaction using the Monero Public Key-Pair. This transaction is then broadcast to the network, where it undergoes several processing steps:
- Transaction validation :
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Zcash: The Double-SPEN PRViction
Similar to Monero, Zcash also employs advanced cryptographic techniques to prevent double-sailing attacks. Zcash’s main concept is the “Double-Sepend Protection” (DSP) Mechanism,
Zcash utilizes a combination of Elliptic curve cryptography and hash trees to achieve DSP. The Key Components include:
- Hash Tree : a data structure that stores the transactions in a hierarchical manner.
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To prevent double-sending attempts, zcash uses and “proof-of-work” Called protocol “Zero-knownge Proofs.” This allows users to provide the validity of transactions without revealing their private keys. When a user in If two such trees are discovered, the attack is rejected.
Comparison and Conclusion
While both Monero and Zcash Innovative Security Features, there are Distinct Differences Between them:
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* Scalability :
The Mechanics behind
