According to experts, many cryptocurrencies have a higher level of confidentiality than others. Experts recommend paying attention to the most promising of them.
Monero
Many representatives of the crypto community consider monero (XMR/USD) to be the most protected cryptocurrency. It appeared as a result of another anonymous virtual currency fork - bytecoin. The monero development team constantly includes new features in the project, trying to get ahead of those who want to gain access to personal information. The project is completely focused on confidentiality.
Dash
This cryptocurrency (DASH/USD) loses anonymity to other digital assets, but has a number of features. For example, it has a built-in PrivateSend function, which allows to anonymously send tokens to recipients. The Dash virtual currency is a fork of bitcoin, which includes a number of unique technologies specific to the cryptocurrency No. 1.
Zcash
This cryptocurrency is based on the zk-SNARKs protocol. It is an algorithm that confirms the accuracy of the transmitted information and does not disclose its contents. As a result, all data on the Zcash transactions is in an encrypted form. The Zcash development team (ZEC/USD) does not hide the degree of confidentiality of its virtual currency.
Bytecoin
Bytecoin was created in 2012. Many consider it to be the first protected digital currency. It was previously reported that Monero was formed from it. In every transaction of this cryptocurrency, a unique one-time public key is used. As a result, it is impossible to trace the history of operations with Bytecoin tokens.
Hshare/Hcash
This digital asset is not considered to be completely confidential, but operates on the same principles as other anonymous cryptocurrencies. There are two types of wallets on the Hshare/Hcash platform: black and white. White wallets remain open, and the access to black is limited. To do this, the Hshare developers use a technology based on Zcash.
PIVX
The PIVX cryptocurrency is a branch of Dash and stands for Private Instant Verified Transaction. It is based on the Proof-of-Stake algorithm and is intended to everyday transactions. Unlike its predecessors, such as Zcash or Dash, this cryptocurrency is resistant to faults in the blockchain system, preserving full confidentiality of senders and recipients.
Zcoin
Zcoin is not too well-known in the cryptocurrency world. It uses the Zerocoin protocol to ensure payment confidentiality. The Zerocoin tokens do not have a history of operations. With the help of the so-called "zero-knowledge", coins are not linked to the sender. A recipient of Zerocoin knows that his account has received funds, but does not know a person who sent the payment.
ZenCash
Many believe that this project is something more than an anonymous cryptocurrency. ZenCash includes a platform for content, messaging, and a decentralized autonomous organization (DAO). It is considered to be a variation of the Zclassic cryptocurrency. In the future, the ZenCash developers intend to create a decentralized exchange, banking services, and peer-to-peer insurance. This will increase the anonymity of this project.
This month, the price of Bitcoin has soared to a record $89,000. Despite its constant volatility, BTC remains the most promising cryptocurrency since its debut in 2009. Many early investors who believed in Bitcoin's potential are now reaping the rewards of their foresight. Let's take a look at today's wealthiest crypto enthusiasts
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
