'Choosing The Best Privacy Focused Crypto!' defi privacy
, with which it has no direct connection. Verge Currency uses the Proof of Work mining principle. It is also one of a few cryptocurrencies to have multi-algorithm support. Verge has 5 different hash functions: Scrypt, X17, Lyra2rev2, myr-groestl, and blake2s. Such design is intended to allow for more equal access to the mining ecosystem.
Stealth addresses are a method by which additional obfuscation can be implemented to further protect the receiving party when transacting with Verge. When multiple users send funds to a stealth address, rather than these transactions appearing on the blockchain as multiple payments to the same address, they instead appear as multiple payments going to different addresses. Smart Contracts on Verge are under development.
Monero does not support smart contracts, and the high risk of a user’s privacy being attacked is still present, even though it adopts its decentralized mixed currency technology. Users need to rely on the public key of other users when using. If other users are malicious, the problem of users’ privacy disclosure may arise. There are a few cases that claim to trace transactions on the Monero network but we neither confirm nor contradict those claims.
Since Zcash uses the same underlying architecture as Bitcoin's network, it can only support simple transactions, similar to the Bitcoin network with a pre-set privacy protection mechanism.mimblewimble protocol
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