6 Totally Anonymous Cryptocurrencies

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Even though Bitcoin was initially thought of as a highly anonymous method of payment, the truth is that the privacy options offered via Bitcoin’s blockchain even when coin mixing processes, such as CoinJoin, are used are far from being perfect. Later on, many cryptocurrencies were created to solve Bitcoin’s anonymity flaws in an attempt to create a perfectly anonymous blockchain based cryptocurrency.

Monero (XMR)

Throughout the past year or so, Monero has been increasingly appreciated as a cryptocurrency with high levels of anonymity that offers untraceable transactions. Monero XMR is one of the cryptocurrencies relying on the CryptoNote protocol, which bears basic algorithmic differences from Bitcoin, with the goal of augmentation of blockchain obfuscation...

Zcash (ZEC)

Zcash is a new cryptocurrency that was launched in October, 2016 on the basis of the Zerocoin project that was built to improve the anonymity of Bitcoin users. Zcash ZEC transactions are broadcast on a public ledger, yet the sender of coins can choose to conceal the payer, the payee and the payment amount...

Bytecoin (BCN)

Bytecoin is the first ever cryptocurrency to be created on the basis of the CryptoNote protocol and it was launched in July, 2012. Since its launch, Bytecoin BCN has been marketed as a cryptocurrency that promotes privacy via impassive transactions that features high levels of anonymity...

DeepOnion (ONION)

DeepOnion is a relatively new cryptocurrency that has been launched in July, 2017. DeepOnion ONION is a fully anonymous cryptocurrency that utilizes the TOR network to provide its users with maximum levels of anonymity. ONION coins are sent and received over the Tor network, so it represents a cryptocurrency that provides users with bulletproof privacy options...

DASH

DASH is a relatively old cryptocurrency that is known for offering reasonable levels of anonymity for its users. Via its “PrivateSend” feature, coins are mixed using an advanced version of “CoinJoin”, which is one of the most widely used Bitcoin mixing concepts...

VERGE

VERGE is one of the cryptocurrencies that have been launched in 2017. It is a decentralized, secure and anonymous cryptocurrency that is based on the proof-of-work algorithm. Even though VERGE XVG has a public ledger that enables anyone to view transactions details, it conceals the IP addresses of users via integration of both the I2P and Tor networks...