I hear that Monero has a new competitor in town

[UnruffledST]

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.

[5ensei]

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

[UnruffledST]

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?

I read somewhere about Zcoin Classic, which is
also a privacy coin that is using the Zero coin protocol.  It seems that the project is fully anonymous where the
real team members are nowhere to be known.  It is listed in Dobitrade.  Perhaps you can take a look.

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?

[bitcoinm3ster]

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.

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

[UnruffledST]

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.

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 , also would love to stay on focus and know thoughts about Scroda's protocol.

[Febo]

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.

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.

[UnruffledST]

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.

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.

[Little Mouse]

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.

[aceptamosbitcoin]

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.

[veekky]

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!

[UnruffledST]

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/

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

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!

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.

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.

[belli4388]

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

[UnruffledST]

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.

[BitcoinHodler]

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.

[UnruffledST]

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?

[prashanta]

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.

[george_hured]

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.

[Ellionise]

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

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

[sulis sudibyo]

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.

[mbah]

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.