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by throughnothing 3276 days ago
Bitcoin and Ethereum are not anonymous, every transaction amount, source address, and destination address can be seen by anyone.

Dash provides some anonymity features, but are generally opt-in (i.e there are certain transaction types which provide more anonymity, but they are not required). Even with "anonymous" transactions on Dash, I believe only the sender/receiver can be somewhat masked, but the amounts are not masked entirely.

Monero provides pretty anonymous transactions which have gotten better with it's recent introduction of Ring Confidential Transactions, which makes it so that new transactions have (by default, and to be enforced later this year for all Transactions) hidden amounts, sender, and receiver.

ZCash is arguably the most anynomous, as it has hidden amounts, sender, and receiver from the ground up, but comes with a bit more risk since it is essentially based on entirely new, and as yet unproven, crypto (zkSnarks). It is an exciting promise for the future, but it also required a "trusted" setup of a random seed which, if compromised by any party, could enable infinite, undetectable inflation of the ZCash currency.

In short, there is no perfect anonymity, everything is a scale and a spectrum of security, and what type of guarantees you can get around the anonymity properties you want.

1 comments

ZCash is fairly anonymous but it's also controlled by a privately owned organization in the U.S. Theoretically, they can be compelled to only let one transaction through on a block, which can be used to deanonymize the owner of the account on the other side.

ZCash also personally takes a cut of the mining, if I remember correctly, but that's not part of the anonymity.