By When cryptocurrency first began to gain adoption, not all users were comfortable with the almost total transparency it brought to the way people handle their digital assets. This complaint was what birthed privacy coins like Monero (XMR) and Zcash (ZEC). However, this type of platforms also came with their fair share of problems, enough that the question of whether they can compete favorably against the newest crypto that is taking the crypto market by storm, presale TMS Network (TMSN). Find out below.
Monero (XMR)
Monero (XMR) hit the market at the height of the demand for privacy in the crypto sector. Because it was an innovative idea, it quickly gathered an impressive user base. The platform is built with the main aim of making transactions private and untraceable. Monero (XMR) utilizes stealth addresses, and confidential transactions, ring signatures to obfuscate transactions made on it. This makes it impossible to track such movements.
Unfortunately bad actors soon began to use Monero (XMR) to cover illegal transactions. The authorities soon had to step in with KYC regulations and Anti-Money Laundering policies that protect the safety of innocent users.
Of course, Monero (XMR) cannot fully maintain its privacy stand and keep up with such regulations. As a result, the privacy-focused platform is already suffering setbacks. For instance, Monero (XMR) has been banned in certain countries like Dubai, Japan and South Korea, and on several exchanges worldwide.
Zcash (ZEC)
Zcash (ZEC) is suffering the same fate on many fronts. Prominent exchanges like Bittrex and Kraken have delisted this privacy coin not to mention the stigma associated with it in the crypto community.
ZCash (ZEC), a privacy-focused coin launched in 2016. The platform allowed users to make transactions without revealing any sensitive information. Zcash (ZEC) ensures the privacy and anonymity of transactions through its zk-Snark or zero knowledge technology which allows nodes to be verified anonymously.
Although Zcash (ZEC) thrived in its time, it appears that time is running out as total anonymity of transactions in the crypto world becomes a thing to be wary of rather than to embrace.
TMS Network (TMSN)
TMS Network (TMSN) on the other hand uses blockchain technology to ensure a full transparency of transactions done on it’s platform.
But what is TMS Network (TMSN) and how can it compete favorably against these older and more established coins?
The TMS Network (TMSN) is a nascent platform with a revolutionary approach to the world of trading, decentralization.
TMS Network (TMSN) allows users to trade stocks, Forex, CFDs, Digital assets and Cryptocurrency amongst other things securely and transparently on its platform.
Although still in its presale phase, the project has gained traction among investors, even raising $2 million in a seed sale recently.
The TMS Network (TMSN) platform offers unique solutions like social trading and risk management tools, on chain analysis, trading bots and others that traditional trading platforms lack.
In addition, TMS Network (TMSN)’s native token, $TMSN offers holders special privileges such as governance rights, premium services, and token-burn etc.
Monero (XMR) and Zcash (ZEC) vs TMS Network (TMSN)
From the above descriptions, it is already obvious that TMS Network (TMSN) is out of the league of Zcash (ZEC) and Monero by far. These two platforms were built with a narrow focus, to provide privacy, which in the now regulated world of crypto is not necessarily a great thing anymore. TMS Network (TMSN) on the other hand is packed full of benefits.
As a ground breaking trading platform alone, it stands head and shoulders above the traditional competitors in its niche. Not to mention that it is fully regulation compliant, transparent, fast and secure.
In Conclusion
It is no wonder that former users on Monero (XMR) and Zcash (ZEC) are making their way to TMS Network (TMSN) in droves while it is in its presale phase.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetwork
Twitter: https://twitter.com/tmsnetworkio
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