It’s time to get your hands on some privacy coins. These digital currencies have been around for years, but they’re becoming increasingly important as governments try to regulate the crypto market. The good news is that there are plenty of options out there–and we’ve broken them down for you so you know which one will work best for your needs.
Why are privacy coins important
Privacy is a human right. It’s also an important one, especially for those who wish to express themselves freely.
Privacy coins allow you to keep your transactions private, so that no one can see what you’re buying or selling. This is important because it allows people the freedom of expression without fear of persecution by governments or other organizations that would take issue with what they say or do.
Zcash
Zcash is a privacy coin that uses zk proofs to encrypt transactions. Zcash is a fork of bitcoin and has a fixed supply, like Bitcoin.
Zcash was created by the Zerocoin Electric Coin Company (ZECC), which consists of researchers, scientists and engineers from Johns Hopkins University, Massachusetts Institute of Technology (MIT) and Tel Aviv University in Israel. The main goal behind its creation was to provide anonymity for users while still maintaining all the properties that make cryptocurrencies useful such as decentralized control and immutability/secrecy features
Monero
Monero is a privacy coin. It’s also a cryptocurrency, decentralized cryptocurrency and open-source cryptocurrency. Monero is fungible, private and secure.
Tezos
Tezos is not technically a privacy coin, but it can use ZK proofs (Zcash technology) in its smart contracts. This means that when you use Tezos to create a smart contract, you can keep the details of your transaction private.
Tezos is a blockchain that uses proof-of-stake instead of proof-of-work mining like Bitcoin does. With this method, miners earn rewards based on how much stake they hold in the network rather than how much computing power they have at their disposal.
This makes it possible for anyone who owns XTZ tokens to participate in governance decisions about how changes should be made to the protocol or platform going forward – even if they don’t want any control over development themselves!
We will see how people use private crypto in the future
You might be wondering how people will use private crypto in the future. Well, there are many possibilities!
Privacy is important for many people and privacy coins will be used for transactions, voting, storing data and buying goods.
Conclusion
We have seen a lot of changes in technology, from the invention of the internet to the rise of artificial intelligence. What will happen next? The future is uncertain but one thing is clear: privacy will become even more important in 2019 and beyond.