27 views
in Cryptocurrency by (16.6k points)
What are privacy coins?

Please log in or register to answer this question.

2 Answers

0 votes
by (16.6k points)
Privacy coins are a category of cryptocurrencies designed to offer increased privacy and anonymity for users during transactions. Examples of privacy coins include Monero, Zcash, and Dash. These cryptocurrencies utilize various technologies such as stealth addresses, ring signatures, and zero-knowledge proofs to hide transaction details like sender, recipient, and amount transferred. This helps users maintain their financial privacy and confidentiality while using the blockchain network.
0 votes
by (7.8k points)
Privacy coins are cryptocurrency coins that prioritize the anonymity and privacy of transactions made using their network. Examples of privacy coins include Monero (XMR), Zcash (ZEC), and Dash (DASH). These coins typically use advanced cryptographic techniques to obfuscate transaction details and keep the identities of the transacting parties confidential.

Related questions

...