Privacy coins are cryptocurrencies that specialize in keeping you and your transactions hidden.

Although the media portrays crypto as an anonymous, dark web currency, it’s actually quite transparent. Most blockchain networks broadcast every transaction and wallet balances publicly, so tracing someone’s financial activity isn’t all that difficult.

Privacy coins focus on keeping transactions anonymous and untraceable. Anonymity disassociates your identity from your wallet and specific transactions while untraceability prevents outside parties from piecing together your blockchain activity. They do this in a process called chain analysis.
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Publication Date
July 11, 2019