How to provide safe transactions from Monero and ZCash
As the cryptocurrency increases, the number of transactions occurring in various blockchain networks also increases. Two popular cryptocurrencies for safe and private transaction processing are Monero and ZCash. However, like any digital currency, they are associated with risk if they are not used correctly. In this article, we will lead you through the best practices to provide safe transactions when using Monero and ZCash.
Understanding the basics
Before we delve into a special number of securing Monero and ZCash transactions, it is necessary to understand how these cryptocurrencies work:
* Monero (XMR)
: Private cryptocurrency that uses the signatures of the ring. These signatures ensure that transactions are resistant to manipulation and anonymous.
* ZCash (ZEC) : Cryptocurrency focused on privacy, which also uses zero technology. This means that Blockchain is constantly updated to hinder the third parties to access to the history of the transaction.
Monero transaction protection
- Use a hardware portfolio : Invest in a reputable hardware portfolio such as Ledger or Trezor. These wallets provide an additional safety layer and are resistant to hacking.
- Turn on two -component authentication (2FA) : Add an additional safety layer, including 2FA on the Monero portfolio. This adds an additional factor to the authentication process, which hinders hackers to access.
- Store private keys safely: Make sure you keep private keys in a safe place, such as a fire -resistant safe or an encrypted memory device.
ZCash transaction protection
- Use a zero wallet : Invest in a reputable zero wallet such as Ledger or Trezor. These wallets provide an additional safety layer and are resistant to hacking.
- Turn on payments with many signatures : Consider the use of payment reports with many signatures using the ZCash portfolio. This means that many pages must agree on the transaction before it can be processed.
- Store private keys safely: As in the case of Monero, make sure you keep private keys in a safe location.
joint fraud and threats
When using Monero and ZCash, it provides a high level of safety, there are still fraud and threats that should be considered:
* Phishing fraud : Be careful when receiving E -Mail or messages asking for confidential information. These fraud can lead to account acquisitions.
* Bragging portfolio : Never use public Wi-Fi networks to access your wallet. Instead, use a safe VPN connection.
Application
Using Monero and ZCash requires careful attention to the best security practices. By following these guidelines and maintaining vigilance, you can minimize the risk of using these cryptocurrencies. Remember that security is not just about protecting your funds; It is also about protection against fraud and threats.