Are there really anonymous cryptocurrencies?

In a previous post, we told you that most blockchains, such as Bitcoin and Ethereum, are “pseudonymous.”

However, there are also completely private projects that have made it impossible to track transfers.

Let’s take the example of the Zcash cryptocurrency, which has advanced cryptography and the highest level of confidentiality.

Zcash uses a cryptographic protocol called zk-SNARKs. With the help of this technology, users can make completely private transactions when the sender, recipient, and cost of transactions can be hidden on the blockchain.

At the same time, privacy on Zcash is optional; users can choose between “transparent” transactions (like Bitcoin) and “hidden” transactions, providing a balance between transparency and privacy.

The world of blockchains is diverse. Research shows that most users do not strive for 100% anonymity; however, the industry does offer solutions for true cypherpunks as well.😎#Binance200M #BnbAth $BNB