Most popular privacy coins:
To better explain privacy coins, here are some popular privacy coins:
Beam:
Beam uses the Mimblewimble (MW) protocol, which eliminates the need for any address. This currency makes transactions without addresses.
Dash:
Dash is a fork of Bitcoin based on the CoinJoin method. Dash gives users the option of whether they want the transaction to be public or private.
Monero:
Monero has the largest market cap on the list of privacy coins. It was launched in 2014 as a fork from Bytecoin. Monero relies on stealth addresses and ring signatures to hide everything from sender and recipient addresses to an entire amount.
Verge:
Verge is an open source project run by volunteers. The project aims for privacy via I2P and TOR, as these protocols encrypt data. After encryption, TOR sends communications to a distributed network run by volunteers. This combination completely hides IP addresses for untraceable transactions. Verge was originally launched as “DogeCoinDark” as an anonymous version of “Dogecoin”.
Zcash:
Zcash relies on the zk-SNARKs protocol to hide personal and confidential data, such as cryptocurrency addresses and the amount in the transaction. One of the unique features of Zcash is that it not only offers completely private transactions, but it also offers completely public transactions and the ability to make some aspects of a transaction public and some private.
