Find the best broker for your trading or investing needs Cryptocurrencies have gained enormous popularity due to many factors. Two important ones among those are the features of privacy and anonymity that cryptocurrency networks offer which allow a user to keep their identities as well as their transactions concealed.
Amid mounting concerns about data privacy, the world of cryptocurrencies is also becoming worried about threats to user privacy. (See also, Leaked Photo Suggests NSA Infiltrated Cryptocurrencies.) Let’s have a look at the top privacy-oriented cryptocurrencies, which have several built-in privacy features.
They claim to offer enhanced and fool-proof security to keep the network user’s identities and their activities completely concealed. All figures are as of early May 2018.
As of May 2018, Monero has the 12th largest market cap with an exchange rate of around $245. Dash ranks 13th on the list of cryptocurrencies by marketcap, and has an exchange rate of $482 against the US dollar.
Instead of relying on cryptographic techniques, Verge banks on the existing and tested technology of The Onion Router (TOR) and the Invisible Internet Project (I2P) to protect user’s identities. TOR bounces a user’s communications over a distributed network of relays and tunnels run by volunteers spread across the globe thereby hiding the user’s identity, while I2P encrypts user data before sending it through an anonymous, peer-to-peer and volunteer-run globally distributed network. Read more from investopedia.com…
thumbnail courtesy of investopedia.com