Home
News
- Along with the below-mentioned Cryptos, Horizon & Zcash also make it to the list
- BEAM Price at the time of writing – $0.1785
- Monero Markert Cap is down by 1% over the last 24 hours
Keep in mind that Bitcoin is a currency that is not real. You can be easily identified if someone has had access to the publicly accessible blockchain for some time.
Users who want to maintain their privacy and anonymity may choose innovative cryptos. Permit me to show you a number of the best cryptocurrencies that can be used to protect your privacy.
Monero
Monero is a cryptocurrency that was launched in 2014 and focuses on privacy, security, and decentralization. Cypherpunks as well as the crypto community have greatly favored it due to its privateness and anonymity.
Using stealth addresses, zero-knowledge proofs, and ring signatures, Monero hides transaction data. In order to guarantee complete anonymity, the identities of the parties interacting, account balances, transaction histories, and transaction amounts are typically hidden from outsiders.
Verge
The initial blockchain for Bitcoin is the goal of Verge. Verge uses, among other things, the Tor network and the I2P system to hide its users’ identities.
This allows for faster transactions and lowers fees. During transactions, these methods conceal IP addresses and locations.
Dash
Due to its low fees and speedy transactions, Dash has become a popular cryptocurrency. Dash also has the great PrivateSend feature, which uses coin mixing to hide the origin and destination of the money being sent.
Even though PrivateSend does not guarantee complete anonymity—payments can still be traced by law enforcement—it can be used to provide some protection for individuals who wish to preserve their privacy, such as when making a donation to a business.
Beam
The beam is a cryptocurrency that values privacy as well as the security of confidential information. The majority of transactions take place in private, and users can choose between maximum and routine anonymity.
Financial addresses, transaction histories, and possibly transaction histories are not stored on the Beam blockchain.
The sender, receiver, and transaction value are only accessible to those who are actively participating in the transaction; this information is kept secret from third parties.
ALSO READ: South Korea Reportedly Freezes Do Kwon’s Crypto
Secret
The Secret Network asserts that it is the first blockchain to feature sensible contracts that protect users’ privacy. They can also choose which information about their accounts and transactions they would like to share with others.
For each transaction, the transmitted quantity, standard address balances, and token metadata are encrypted by the Secret Network. Privacy is a must on the Secret Network, and owners can set viewing secrets to let outsiders see account information and details of actions.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
