The development of blockchain privacy protection: from Bitcoin to Monero

Abstract

In the age of virtual currency's prosperity, the privacy of virtual currency cannot be ignored. By comparing the degree of privacy of Monero and Bitcoin and analyzing the technical background of Monero, it is found that the encryption method and privacy of Monero will become a major mainstream trend leading to the digital currency in the future. Through the discussion of the privacy, security, and non-traceability of Monero, we found that the security of Monero is obvious to all. The forecast of future market analysis compares the future development trend, market supply, and profitable rate of return of Monero and Bitcoin, confirming that Monero's market outlook is very impressive. Facing the emergence of digital currencies such as Zcash and Dash, Monero will still become the mainstream currency that will lead the development of digital currencies in the future.