Is $ROSE a "privacy coin"?

ROSE is used for gas fees, staking, delegation, and governance. But does it qualify for the label of a "privacy coin"?

The short answer is no.

The long answer has several components. First, Oasis Network is a Web3 infrastructure that supports the use and development of applications with various data confidentiality requirements. Its native token, ROSE, is not a "privacy" cryptocurrency designed to provide confidentiality features for spending and unilateral asset transfers.

Second, ROSE tokens have no privacy features. All ROSE transactions can be tracked in a browser.

What makes Oasis Network an industry leader is its native support for confidential smart contracts, which can protect various data payloads from unauthorized third parties.

So, what exactly is a privacy coin?

The "privacy coin" label generally refers to a cryptocurrency that has features that enhance anonymity and reduce traceability of digital transactions, similar to the privacy provided by physical cash. These coins have caused concerns among various political and regulatory agencies around the world. Because people are worried that they can be used to facilitate illegal activities. As a result, some exchanges feel pressured to delist these "privacy" assets. #隐私币 $ROSE