An Overview of Privacy Coins

One of the most sought after features of cryptocurrency is the relative anonymity one can have when sending and receiving payments. Whereas PayPal, for example, requires each sender to disclose details up-front pertaining to real-world identity, such as name and contact information, it’s normally only the user’s wallet address that needs to be disclosed for sending and receiving crypto. That being said, with most cryptocurrencies, it doesn’t take much effort to identify a specific user from his/her public address. Coins such as Bitcoin are often described as “semi-anonymous” or “pseudonymous”, which means that while the identity of the transacting parties…...