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Unlike Monero, who mixes transactions of its users into a ring of transaction that includes other MXR transactions to attempt to lessen the ability of tracking the orginal sender of a specific(s) transaction. Scroda routes your funds through multiple different addresses in your possesion thus not requiring third parties.

Through the use of a self anonymized routing procedure, required one time use addresses and the requirement of using of a mixing pool when needing to merge funds together allows the Scroda network to maintainng unlinkability.

Have a read at the link below and let me know your thoughts? seems pretty eye opening.

https://medium.com/@scroda/monero-has-a-new-competitor-in-town-8b489417b4a2


Update:

These days obtaining privacy is costly with tumblers charging anywhere from 1-5% of the funds being tumbled, yes that is a really big cut. Monero also charges for privacy in where users pay more for every other person included in the mixin of their funds. Tumblers and privacy coins leave you with a pretty big bill, while still failling to offer your 100% privacy.

Is it worth paying for privacy while your transactions can still be linked back to each other? No. Should you be paying for privacy in the first place when privacy is a given right in the USA under the fourth amendment? No.

Scroda aims to offer its users 100% privacy completly free, eliminating the need of having to pay thousands and thousands of dollars on privacy alone.

Read more below.

https://medium.com/@scroda/how-scrodas-fee-less-ecosystem-allows-for-true-privacy-5ec931725a26

There are many competitors for Monero, but none is powerful enough. And I will not discuss about the coins whose anonymity is not 100% certain, those I don't care about.
Actually the only worthy new competitor for Monero would be Grin, if people would accept its inflationary nature.

It seems like you don't even know if there was a bunch of competitors to the monero. when the anonymity platform becomes the trend last year there was plenty new anonimity platform like zcoin, and anyther anonymous platform. It will never take a new competitor for monero consider we still pegged to the centralized exchange site.

But you are bringin up Grim and Beam who have privacy flaws which do not make them powerful enough yet neither to truly be 100% private? Take a look below.

https://bitcoinmagazine.com/articles/battle-privacycoins-what-we-know-about-grin-and-beams-mimblewimble/


Haha of course I have read dozens of whitepapers through and through on pivacy coins but like NeuroticFish said none are powerful enough to bother bringing up.

I mean you guys aren't even providing a productive conversation, Scroda brings some fresh views in like not depending upon third parties when routing transactions and a unique mixing method only used to merge funds together in order to maintain unlinkablity.

You guys are so quick to bring up other coins who are not 100% private still instead of trying to take in information from a project that actually might have a solution.

Interesting. I didn't invest too much time into Grin, I thought I'll do that at a later point. I guess that'll not be necessary anymore :)
Then.. I stand corrected: not even Grin would be any good, which means that Monero is still safe in its position. Thanks for the link.

PS. Maybe Scroda will have a future. Time will tell ;)

Ok so this is Scroda, I just heard it few days ago but I though it was just another ICO. Anyways, Monero is still the number crypto as far as privacy coin is concern, so it will be hard for someone to just simply overtake that position unless they have really proven their point. I think I'm interested how this coin will be in the future though and see if it can at least challenge Monero, so let's see how everything goes in the future.

competition is not new in crypto currency.
At some point waves and stellar were firm competitors of etherum
they say litecoin can compete with bitcoin.

truth is, speculation will always exist in crypto currency.

Although anonymous and privacy based coins have definitely created their scope and market but in my understanding governments do not like such coins where the transactions are not trackable so we may see a ban for all such coins but i hope nothing like that will happen and govts will be able to regulate them some how as well.

This is where the coins get it wrong I think. You can choose to see new coins as competition and the new coin can choose to see old coin as conpetition or they can choose to see one another as coins that can improve one another. Some features that Monero has the other must not have. And vice versa. When new tech presents from a new coin, the old ones should see this as opportunity to implement it.

Of course.



Truth be told it won't be banned in the US due to the Fourth Amendment, the right to privacy.


Correct you have to remember there is such a thing as healthy competition, we learned alot from Monero and they will always be a milestone in the terms of privacy coins, at the same time scroda is also more than just a privacy coin.

Also it is to note the only reason Scroda is to be able to gain such features is mostly because of it having a fee-less blockchain if Monero wanted to implement the features Scroda has it would require doing some major but major changes to their network.

There is nothing wrong with Grins emission schedule but is definitely a lot wrong with its ledger unacceptability. It is incomparable with Monero.

On top of it the protocol still is fairly new they tried to resolve one issue but brought forth another at the same time.

I don't know why people only feel the only thing you need to make a project a success is technology, Monero has many competitor including Bitcoin but the team has done a great job to distinguish it out from the crowd. For now, I don't see any privacy coins that come close Monero for now

Well technology is the reason behind making a privacy coin a success  ??? you talk about a great team but there are many great teams out there selling shitcoins in which you can call succesful. Now I am not saying nor I do not think anyone else is saying that Monero isn't a good coin but everyone in the crypto world knows that the goal is to find a truly 100% private coin. Is Bitcoin really a competitor to Monero? I don't think so plus Bitcoin is to much of a outdated tech to really compete with any coin. Either way new technology is going to be needed in order to succesfully gain 100% privacy in transactions because anything other then 100% unfortunately is not good enough.  :)

a great team + great technology = gold
a great team + worseless technology = garbage

before finding a team you first have to have great technology, after the tecnology is when you find the team.

Recently renewed interest in coins that are confidential. I think that Monero is already quite a well-established coin and therefore it is unlikely that a new competitor will be able to overtake him.

A lot of project claimed if they are monero's competitors,, even better than monero
But until now, i still believe if monero is the best privacy coins my friend
Regards

Well over taking Monero or not without a doubt there can be a coin that is more private. Monero, Zcash, Deeponion, Beam, Grim all are in the race of perfecting privacy.

A new coin won't just overtake Monero overnight but say if a Monero user is to find that there is another coin that offers better privacy why would they stay with Monero other than for speculation perspective?

The goal isn't to have a bigger market cap but to offer better privacy. Even if a small user base is there to start with at least that small user base is getting better privacy than the larger.

Remember the saying quality over quantity most people in the crypto world just want to make a quick buck but I do not think that is really the customer base that one would want when having a high quality product.



Of course right now Monero is the best privacy coin, Scroda is still gathering team members and trying to develop a product but the concept is there but when Scroda does come out it will be more private than Monero and be Fee-less on top of that.

There are many competitors for sure on monero, but I think no one has yet succeeded on overthrowing it. Because monero was still standing strong and its supply and demands was still huge.

Correct there have been no competitor to date to truly offer 100% privacy, hopefully in the future Scroda is able to change this with their concepts.

Also have yet to hear your input on Scroda's solution, what are your thoughts?

There's plenty of Monero competitors, but only ZCash has an actual community and adoption. And only Grin has good tech, deserving to go toe-to-toe.
But Grin's tech is already being implemented in Litecoin so I feel like MimbleWimble coins are doomed on arrival, and Monero will remain the most popular coin of its kind.

Yes correct, by the way did you read the Medium article? Would like to know your input on Scroda's solution to achieving 100% privacy in transactions.
 
also @marksayson @republicrypto @cerberus5424 @jacafbiz @Febo @jointherevolution @kindbtc @cryptobae10, I have yet to hear inputs on Scroda's solutions are others who gave input on their solution gave some pretty positive feedback showing support for their idea.

No-one has heard of scroda so it is not really a competitor. DASH is a well known privacy coins and there are many articles comparing the two coins. Both have their own merits so I'd invest in both of those rather than scroda

Not trying to be rude but if you think DASH is private then I would suggest others to not take advice from you on technical aspects of coins.

Have you read their whitepaper? do you know their flaws?


Yeah I read it but nothing worthy that puts them above and beyond other privacy coins. I have read thousands of pages just reading over whitepapers thousands.

Btw whats your thought on Scroda's concept?

I think in the future, if XRP has big evolution, it can be compete with Monero which one of the most favorite anonymous coins

Ok so now I am hearing that Ripple the "cryptocurrency" to connect banks together will be a contender to Monero  ??? ??? ??? ??? ??? whats going on here :o :o :o, also would love to stay on focus and know thoughts about Scroda's protocol.

ZCash have no community. Not on reddit not here not anywhere. ZCash have founding company with rich strong owners. They make influence so ZCash was added on all exchanges and services. But there is no community.

 :)  maybe its a sign that there is still room for competition.

I feel like most teams do not have much business experience, just because someone is a coder doesbt mean their a businessman and Monero has stopped marketing their product long ago it's just its community that keeps it going. Another new better coin can easily overtake Monero if funds are raised.

There are a lot of privacy coin in the market and all of them has privacy features although they are not totally anonymous. Monero itself has also some ways to trace the transaction.

Forget about Scroda. The project have zero support at this moment.

I'm more interested can Grin be a real Monero competitor? Because it is gaining support from the community and this is the most important thing for any project.

It is no name competitor , better try mimblewimble or grin. That is real competitor and level of hype is increasing as far as I see. Look at this coin, mate!

Again please read before commenting it has already been discussed that Grin and Mimblewimble has flaws it's not all its set out to be. Keep on following the hype without doing research sure it will get you far.

You can see the discussion in the first qoute.

i did not know about this new competitor of monero i'll give him a look, there are many of competitors but in my opinion the only valid currently is zcash

Really the goal is to achieve 100% privacy no coin yet has been able to offer it neither zcash nor monero or any project using the mimblewimble protocol.

Scroda's concept is the only project that has a concept that will be able to achieve 100% privacy.

people always think that their anonymous coin is the best thing. in this case OP's coin is being advertised by the team as the "competitor" so obviously their opinion is very biased in this case. but in the end we always see that these coins are either the same as Monero or an inferior version of anon coins.
with that said i still have to check out the coin OP is advertising here, with an initial look it seems like there is not much new about it though.

Haha I mean what is not new about it? Through the use of a self anonymized routing procedure, required one time use addresses and the requirement of using of a mixing pool when needing to merge funds together allows the Scroda network to maintainng unlinkability.

Everything that Scroda is implementing is unique, far superior than Monero, did you even bother reading the blog thoroughly?

Already Monero has many competitors but they are not enough powerful. Let the new one come and see how much it can go. It it can show better potentiality than Monero then wellcome.

I think that now Monero actually has no problems. Because he is a leader in his anonymity. Therefore, I see that now there are really great opportunities that we will need soon, so Monero is a very good option.

Well competitors xmr above the roof , such zcash for this is probably the most anonymous coin which I know , for me xmr is not very good coin , I try to stay away from her and should have taken the other coins that are more attractive

isn't this too early to say that the scroda is a monero competitor. I really don't really understand the technology that he has, but Monero is still good.

It's not just the taste find new competitors to monero. the most notable thing, in this case, is that the fixed monero can survive and even many existing competitors thus incapable of rising expectations. even for Scroda, I guess nothing interesting to obtained therein.

What about mcafee and the privacy coins he talks about?

Yes Monero is good but not good enough  :)


Monero has problems in maintaining unlinkability and at the same time it is costly, some pay thousands of dollars just to maintain privacy in Monero.


Zcash also is not 100% as nodes are able to spy on its users thus breaking its privacy.


At least you admit to not being so tech savy unlike others  :) kudos to you. But yes Monero is good but still not good enough it still has flaws and is costly some users who are not so tech savy as you sometimes believe they are conducting transactions in private but really are not as governments can sometimes link users transactions together.


Monero won't survive it's structure doesn't allow it to survive. It's fee's the way it's mixes and routes transactions all are flaws. Monero does no marketing neither if Scroda was to gain funds it would for sure surpass Monero and market it better than Monero. Scroda's ecosystem is more pleasing than monero and attracts more people with it being fee-less.

Monero's founders aren't businessmen neither.



Which out of all the coins that he overhypes are you talking about? Mcafee isn't a realiable source he gets paid to promote trash projects and in all reality doesn't even care.  No one should take advice from Mcafee whose whole purpose it just to provide absurd hype.

-Bump-

These days obtaining privacy is costly with tumblers charging anywhere from 1-5% of the funds being tumbled, yes that is a really big cut. Monero also charges for privacy in where users pay more for every other person included in the mixin of their funds. Tumblers and privacy coins leave you with a pretty big bill, while still failling to offer your 100% privacy.

Is it worth paying for privacy while your transactions can still be linked back to each other? No. Should you be paying for privacy in the first place when privacy is a given right in the USA under the fourth amendment? No.

Scroda aims to offer its users 100% privacy completly free, eliminating the need of having to pay thousands and thousands of dollars on privacy alone.

Read more below.

https://medium.com/@scroda/how-scrodas-fee-less-ecosystem-allows-for-true-privacy-5ec931725a26

I believe that it may be interesting if this technology is implemented in one of the popular cryptocurrencies. Of course, for Monaro it can be a serious competitor, but in addition to Monero enough anonymous cryptocurrency. Therefore, it is necessary to continue to monitor the development of the Scroda project and after some time it will become clear whether it is a new leader or just another project with great potential, but poor implementation.

It seems to me that Monero already has enough competitors, but they are still not able to surpass it yet!

Thank you for the kind words, the thing is Monero wouldn't not be able to implement our model at the time, if they do they would have to rework on practically everything that they are and we are going to be coming with top quality project with truly experienced developers to avoid poor implementations.


Yes because none have been able to achieve 100% privacy as of yet, Scroda is the only project capable of doing so.

-Bump-

Would love to hear some thoughts and opinions.

Monero has had many competitors for a long time now. Just have look at cryptunit.com, there are so many coins built on Cryptonight protocol. What makes Monero different is that it is famous and has high liquidity.

Anything on the cryptonight protocol is no real competition because it does not provide 100% privacy, Scroda aims to offer 100% privacy thus having more value Monero

And I completly agree on the high liquidity but there is one thing to take note is that if Scroda was to come into reality it would have alot more liquidity than Monero, like way more Monero would be no competition as Scroda is more than just a privacy coin and has real value and aims to bring new users into the crypto community so it would have a larger user base as it is providing value to more than just one market.  :)

Big problem monero faces is  Mimblewimble protocol, and the fact that Grin and Beam are using it, which made them huge gainers in the last days. However it is still popular on the dark web, but not sure if for a long time...

Take a look Grin nor the Mimblewimble protocol is 100% private.

Monero never marketed its product since there is no Monero. Monero is a opensource community project. Monero are you and me.

No it cant. Opensource community driven projects always win over company founded ones.  Do you know that Microsoft spend $1 billion on a Microsoft Wikipedia.  Wikipedia had zero founds but is opensource and community driven and won!!!




Monero have no problems with any likability. Monero as was build in 2014 had little anon features. Then it was rebased and got added more stuff and is keep adding new stuff. Last were bulletproofs.
What are you talking about? I pay 2 cents fee to send totally unlikable transaction.



Monero was developed by user thankful_for_today on this forum. No one knows who he is except you do know he is not a businessman.


LOL this is an ICO. Forget what I asked no need to answer anything.  If an idea is not that good to attract developers come work voluntary then is a shitty idea.

https://www.wired.com/story/monero-privacy/


https://www.google.com/url?sa=t&source=web&rct=j&url=https://eprint.iacr.org/2017/338.pdf&ved=2ahUKEwjF7ODVmsPgAhXvqFkKHWFjC5AQFjAFegQICBAB&usg=AOvVaw0QT8VUhbs6wkr_F31_C6iG


https://arxiv.org/pdf/1704.04299/


I mean you aren't kidding no one by saying Monero isn't private and even though Monero is community driven it could still do marketing but hey what are they going to market? are they going to tell the people we charge you for transactions but still do not provide you true privacy?

I think not.

Your comment just makes you look bad and trollish.

-Bump-

Would love to hear some thoughts and opinions on people who actually read the content in the thread.

But i think it will be very difficult for Scroda to competing with existing private coin like Monero.
Many peoples already use monero coin because it is provide privacy when we using the coin.
There were many competitor of Monero, but none of them can surpassing the Monero value and marketcap.

It has been discussed and is a invalid point.

Again looking to have a intellectual conversation, not pointless conversations with people just throwing out completly invalid arguments

In the trading industry, more competitors, more opportunity that these coins will going to be develop in some times. Which creates hype that will going to be a good opportunity for us to buy and sell.