What are the advantages of Monero over Bitcoin in terms of fungibility and traceability?

3 answers

• rocky marsOct 19, 2024 · 9 months ago
  Monero offers several advantages over Bitcoin in terms of fungibility and traceability. Firstly, Monero uses ring signatures and stealth addresses to obfuscate the sender, recipient, and transaction amount. This makes it nearly impossible to trace the origin and destination of a transaction. In contrast, Bitcoin transactions are recorded on a public ledger, making it easier to track and trace the flow of funds. Secondly, Monero employs confidential transactions, which hide the transaction amount. This ensures that the value of Monero is indistinguishable from other units, enhancing fungibility. Bitcoin, on the other hand, has transparent transactions, which can be scrutinized for their value. Lastly, Monero implements a dynamic block size limit, which allows for increased scalability and faster transaction confirmations. Bitcoin, with its fixed block size limit, often faces congestion and higher fees during peak usage periods. Overall, Monero provides better privacy, fungibility, and scalability compared to Bitcoin.
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• Raphael FleischerJul 20, 2020 · 5 years ago
  When it comes to fungibility and traceability, Monero has a clear advantage over Bitcoin. Monero's use of ring signatures and stealth addresses ensures that transactions are private and untraceable. This means that the sender, recipient, and transaction amount are all hidden, making it extremely difficult to track and trace transactions. On the other hand, Bitcoin transactions are recorded on a public ledger, allowing anyone to view the transaction history and trace the flow of funds. Additionally, Monero employs confidential transactions, which hide the transaction amount. This enhances fungibility, as all Monero coins are indistinguishable from each other. In contrast, Bitcoin transactions are transparent and can be analyzed for their value. Overall, Monero provides a higher level of privacy, fungibility, and traceability compared to Bitcoin.
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• sharjeel mukhtarOct 02, 2020 · 5 years ago
  Monero has several advantages over Bitcoin in terms of fungibility and traceability. Unlike Bitcoin, Monero uses ring signatures and stealth addresses to obfuscate the sender, recipient, and transaction amount. This makes it nearly impossible to trace the origin and destination of a transaction. Additionally, Monero employs confidential transactions, which hide the transaction amount. This ensures that all Monero coins are indistinguishable from each other, enhancing fungibility. Bitcoin, on the other hand, has transparent transactions, which can be traced and analyzed for their value. In terms of traceability, Monero provides a higher level of privacy and anonymity compared to Bitcoin. However, it's important to note that while Monero offers better privacy and fungibility, it may not be as widely accepted or easily accessible as Bitcoin.
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