The Primary Differences Between Monero (XMR) And Bitcoin (BTC)

If you are wondering what makes Monero different than Bitcoin, the primary differences lie in the privacy, scaling and security. Let’s expand on this in today’s Monero news.

Privacy

You won’t find your standard address on the blockchain. The primary rule with Monero is that every single output is its own one time address which means that there is no choice about it (as opposed to Bitcoin where address reuse is discouraged but common and easy to do).

Audibility is also based on voluntary disclosure of (depending on the task at hand) the private view key which allows a third party to see all your income but not your spends. Anyways, Monero hides the balances from other people and disallows them to look at your blockchain.

Scaling

This is a bit of a mixed opinion. Monero transactions are larger than Bitcoin and the primary differences lie in the blocksize limit. Monero has no fixed blocksize limit and while there is a limit for any given block, the limit evolves based on demand in the previous blocks, allowing the increasing demand to increase the block size and vice versa.

Pruning, on the other hand, is possible with Bitcoin and Monero. In the latter, signatures are a large part of transaction’s size and a node does not have to keep them once they’ve been verified.

Security

The primary rule when it comes to security is that Monero uses the Cryptonight instead of SHA-2. There are currently no ASIC chips available for Cryptonight which was designed to diminish the performance gap between CPUs, GPUs and ASICs by demanding comparatively large amounts of memory. This means that with XMR, CPU mining is still possible while the Bitcoin news show that CPU mining is utterly pointless.

As a consequence of this, CPU mining makes Monero more attractive to botnet miners. This can be seen as an overall plus since botnets exist anyway. S0, what makes Monero different than Bitcoin are these three things, each of which is unique in terms of value and unique between these two.

Today’s market price of Bitcoin is at $8,728 with a 0.79% increase. Monero’s XMR token is at $68 with a 0.13% decline on the day.