8 Best Privacy Coins to Know: How They Work and What Sets Them Apart
Intermediate
Altcoins
Aug 10, 2023
10 min read
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Detailed Summary
For many cryptocurrency enthusiasts, the biggest benefit of crypto is its ability to offer privacy. Unlike traditional currency, you can use cryptos without necessarily being tracked by banking systems and other financial institutions. However, not all cryptos offer the same level of privacy and decentralization. If confidentiality is your priority, it might be worthwhile to look into privacy coins. This guide explores some of the best privacy coins in the market today, highlighting their technology, design approaches and key consideration
Key Takeaways:
- Privacy coins are cryptocurrencies with extra features that enhance anonymity and confidentiality.
- Some of the best privacy coins include Verge (XVG), Monero (XMR), Dash (DASH) and Oasis Network (ROSE).
What Are Privacy Coins?
Privacy coins are cryptocurrencies with extra features that enhance anonymity and confidentiality. When working with a privacy coin, no one can tell which coins you own, how many you own and what transactions you take part in.