IMF Managing Director new European Central Bank (ECB) head Christine Lagarde is not very trusting of Bitcoin and more supportive of tokens like XRP, according to some reports that are being released. 

It’s not very easy to be able to shut down Bitcoin (I can’t think of a practical solution) though there are things that lawmakers can do make its growth difficult. But if that’s how some of these high level executives in the financial world feel about bitcoin, then there is even more reason to want privacy coins to take off. If lawmakers are coming after Bitcoin, you can be sure that they’ll be coming after privacy tokens. 

So I’d like the spirit of crypto to continue and privacy coins to flourish just as much as Bitcoin or any other good token. And here are 2 of my favourites that are likely to do that:

Zcash (ZEC)

Zcash is a pioneering privacy project that is researching some revolutionary privacy mechanisms. The zk-SNARKs protocol was popularized by the project, which has a long development history. It is an evolution of prior privacy protocols like Zerocoin and Zerocash. 

It is not all private, however, as some transaction data can be revealed for auditing purposes and the like. I think the strongest privacy projects will be those that offer both private and public features, so that users can send private only for the transactions that require it.

You can tell about the seriousness of the project by the team that is working behind: many are from big institutions like MIT, Tel Aviv and Berkeley. 

Spectrecoin (XSPEC)

Spectrecoin and its XSPEC token are comparatively new entrants into the privacy space. Projects like Monero, Dash, Zcash and many others have a huge head start compared to Spectrecoin. But there are some new ideas coming out of the project that seems to be very promising. For example, the project is working on a Proof-of-Anonymous-Stake protocol that lets users earn passive income while also providing anonymity. 

A few other distinct things about XSPEC: there are actually two tokens on the platform with the other one being SPECTRE. The consensus algorithm is also energy-efficient (unlike, say, Monero’s PoW algorithm). TOR is also directly integrated into the network so there is comprehensive privacy. A mobile app is also being worked on that will include chat and a wallet. Essentially, the idea of Spectrecoin is to provide the necessary private channels necessary for private transactions into both personal and financial dealings.