An Overview About Privacy Coins in 2021: What’s Ahead?
Reading Time: 6min read
Maybe some people still believe it, but Bitcoin isn’t really anonymous. Indeed, isn’t anonymous at all: all the transactions in this currency are recorded in a public and widely-available-online ledger. Tracking the funds and the parties behind them isn’t that hard, and that’s why privacy coins were created.
The privacy coins are cryptocurrencies with in-design functionalities for higher privacy. Some of them are private by default, while others let the users decide if they want to activate the functionality or not. Some known privacy coins so far are Monero (XMR), Zcash (ZEC), Grin (GRIN), Zcoin (XZC), Verge (XVG), and even John McAfee’s crypto Ghost (GHOST).