।।What is privacy coin in crypto।।

in Tron Fan Club9 months ago (edited)

Assalamu Alikum


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A subset of cryptocurrencies that focus on transaction privacy and anonymity are called privacy coins. There are some key features and concepts associated with privacy currencies. Such as - confidential transactions, ring signatures, zero-knowledge proof, stealth addresses, fungibility, enhanced privacy, regulatory concerns and more.

So long we have read the main points, now let's discuss about this in detail. Cryptocurrencies usually do their work through cryptographic transactions. All transaction amounts are hidden in this technology. This results in the blockchain only showing that a valid transaction has taken place. But it does not reveal the amount of value traded.
An important feature of privacy coins is the ring signature. An example of a ring signature is Monero. This results in obfuscation of transactions between communities. This makes it difficult to determine which transaction is correct.


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It is very difficult to find privacy coins that do not use stealth addresses. Generally speaking, it creates a one-time address. It makes it difficult for anyone to link incoming transactions with public addresses.
These increased concern features combined with confidentiality make it difficult for anyone, including the government, to trace transactions, identify the parties involved, or determine the amount of the transaction. This is an advantage for those who value financial privacy.


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Here I have discussed some of the topics in detail. But keep in mind that the privacy offered by these coins is not complete. In my opinion, privacy coins are a tool for those who want to maintain financial privacy. But they also operate in a regulatory landscape that can evolve.

So this was the topic of my post today about What is privacy coin in crypto . I will come again with you with any new matter. Thank you very much everyone for reading my entire post. I am ending here wishing you well.


Thank You


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