What are the advantages of using Monero instead of ETH?

3 answers

• Dec 17, 2021 · 3 years ago
  Monero offers enhanced privacy and anonymity compared to ETH. With Monero, your transactions and wallet balances are completely private and cannot be traced back to you. This makes it ideal for users who prioritize privacy and want to keep their financial activities confidential. ETH, on the other hand, is a public blockchain where transactions and wallet balances are transparent and can be easily traced by anyone.
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• Dec 17, 2021 · 3 years ago
  One of the advantages of using Monero instead of ETH is its focus on fungibility. Monero uses a unique technology called ring signatures, which obfuscates the source of funds and makes all coins interchangeable. This means that every Monero coin is equal in value and cannot be distinguished based on its transaction history. ETH, on the other hand, does not have the same level of fungibility, as certain coins can be blacklisted or associated with illegal activities.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the advantages of Monero over ETH. Monero's privacy features and focus on fungibility make it a preferred choice for many users. With Monero, you can enjoy a higher level of privacy and ensure that your transactions cannot be tracked or linked to your identity. If privacy and fungibility are important to you, consider using Monero instead of ETH.
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