Sirwin
Sirwin

The best crypto currencies with total privacy

By Mabla | nick07 | 20 Jun 2020


There is no doubt that almost everyone enjoys his or her privacy when spending their monies. Would you like strangers to know how much you are spending and the balance of your account? I bet no one would want that as they will be prone to attacks.

Crypto currencies are a good way of keeping your money as there is freedom of use because of decentralization but not every crypto currency is safe as some of them don’t sake keep your privacy. Now there are a lot of crypto currencies which are privacy oriented e.g. komodo (KMD), Monero (XMR), Verge, Horizon and Zcash (ZEC) but out of these best coins would like to review the top 2 outstanding.

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Zcash (ZEC)

ZEC is a decentralized crypto currency released in 2016 by Zooko Wilcox-O’Hearn and when it was launched it had a high price. It currently has a market capitalization of $481 million and 24 hour volumes of more than $203 million, its low circulating number of coins gives it the power to push the price higher and because of this it once reached an all-time high of $5.900.

This coin is based on zerocash protocol which changed from zerocoin and uses zk-SNARKS for its privacy and this allows its users to either show transparency or privacy when transacting and user’s transactions are very safe.

Monero (XMR)

XMR is a decentralized crypto currency created in 2014 after a fork of Bytecoin and it uses proof of work to validate its blockchain. It is the 16th large currency and has a market capitalization of $1.1 billion and has low supply of 17.6 million coins in circulation. Its capitalization is much bigger than of Zcash.

Its main use is for keeping the privacy of users as well and it doesn’t reveal the balances or transaction details of users. It uses a protocol called Crypto note and unlike Zcash it is total on privacy mode and it doesn’t have an option to change to another mode. It uses digital signatures and stealth addresses.

Other great features

Apart from being privacy oriented these coins has also other great features, which include low transacting fees, and both have lighting speed when transacting. If you transact using these 2 crypto currencies your transactions won’t be traceable.

Conclusion

These 2 coin are the greatest assets for anonymity, with them you are completely safe. They are mostly used by dark web users who conduct their transactions and business with the intention of not being known who they are and what they do.

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Mabla
Mabla

I most the definite


nick07
nick07

The Path-Finder

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