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this post was submitted on 12 Nov 2024
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Privacy
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A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
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Monero is built as a privacy first crypto. Essentially it's like cash in many ways. You spend it in the shop and nobody knows where the cash you're handing over came from. When you get your change at the till you know nothing about who had the cash before you that you just got handed. It's just money.
This is all handled by a bunch of very complex cryptography. If it comes to it there are ways to prove you sent the money etc but only you have that capability to decide to share.
Zcash’s shielded transactions can do smiliar things