A Basic Overview of the best Privacy Coins
Privacy and Fungibility Privacy and fungibility have always been an under the surface issue for Bitcoin. There have always been far more serious issues that preoccupied the cryptocurrency community. Issues Such as: Segregated Witness, the Bitcoin Cash fork and the Seg Wit2X fork, were all Contentious issues and thus required more focus by the community. However, as we enter a quiet period, it is time to revisit these issues, and figure out how Bitcoin’s lack of privacy and fungibility, has inadvertently ordained the rise of privacy coins such as Monero, DASH, Verge and ZenCash. Monero: Monero (XMR) was created in 2014 and is a fork of Bytecoin.It uses stealth addresses and Ring –Confidential Transactions (RingCT) to keep transactions and wallets anonymous. Unlike the other two coins where Privacy is an option. Every transaction is anonymous making it an opaque or semi-transparent blockchain.Because it provides a high –level cryptographic Privacy, every address and ...