so in this video, we're going to talk about the differences between three of the more popular coins to cover in this course, which is bitcoin, monero, and zcash.
we've talked a lot about bitcoin already and a little bit about monero.
we've briefly touched on zcash, although this will be the 1st time we cover it.
so each coin is a little bit different for its own reasons.
bitcoin being one of the most popular, it's very transparent.
everything's on the blockchain.
it is a proof of work type coin.
it takes about ten minutes per block, which means transaction times can be a bit slow, but it is incredibly popular and still one of the most well known coins in existence.
monero, which is the preferred one for dark web academy and the one we'll be focusing on in this course and any other courses on dark web academy is a more private coin.
it's built with private features in mind from day one to make it more anonymous and easier to use from a security perspective.
it is also proof of work, although it used a slightly different proof of work method, which we haven't really covered yet.
it's only about two minutes a block, making it much faster.
and it's the best for the use case of security and privacy.
zcash can also be private.
it's a proof of work as well, even faster block time and is very good for security.
although you won't see as many people accepting that compared to bitcoin and monero.
and it's important to cover here dash, which we didn't mention in the title slide, but dash can also be private.
it's hybrid proof of work, which we haven't covered what that means, but it's about two and a half minutes a block.
it's useful and pretty fast.
overall, through all of these different coins, you're mostly going to use bitcoin, monero, litecoin, maybe ethereum.
if you're ever using coins outside of that, it's for a specific use case.
maybe you know why you need it.
but the main ones you're going to use are bitcoin and monero and maybe light cash as well.
when it comes to privacy, security and anonymity, you should be using monero.
that is the preferred one.
but if you're working with a vendor that does not accept monero, bitcoin would work as well.