When it comes to cryptocurrencies, and which one to choose, the options to choose from are far from few. All of them are different in terms of the purpose which they were made and their technical specifications. The two coins that we are going to discuss today are Zcash and Monero. We will be drawing a comparison into their histories and operational modes. It will help you make a well-informed decision as to which one to invest in.
Monero and Zcash were created to be used as coins or currencies. The developments of these projects aimed at the coins being used for payment purposes. In Zcash, the transactions between users can be either private or public. It depends on the request of the sender if they wish to take an individual option. In Monero, transactions are at all times in a private mode. People use private transactions as they are not comfortable disclosing the transaction amount publicly.
When it comes to speed, we have to observe the rate at which block times are created in Zcash and Monero. Monero takes about two minutes for a block time to register. This means new blocks get organized at the rate of two-minute frequency. When we compare it to Bitcoin, it is approximately five times faster in creation. In Zcash, the block creation time is of two and a half minutes. These extra 30 seconds make it slower to transact with than Monero but faster than Bitcoin. Zcash is about four times faster than Bitcoin. Many times, the blockchain transaction depends upon the network speed as well. The transaction takes time to complete also depends on whether the transaction is public or private, and private ones take longer due to the anonymity layer around them.
Adaption is also a primary concern when we compare two different blockchain projects. In the case of Zcash and Monero, adaption rates differ from each other majorly. Zcash is used as a general option on the regular internet and dark web. Monero however, is very popular on the dark web than Zcash. This is because compared to Zcash, Monero is very easy to use. Monero has a smooth usage characteristic that can be connected to conventional computer systems as well.
We have covered the main points in this article, which should give you a good idea in terms of choosing which blockchain cryptocurrency you want to select.