Top 5 Privacy Cryptocurrencies
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In today’s video we talk about the top cryptocurrencies concerning privacy. The top 5 privacy cryptocurrencies / top 5 privacy coins that we talk about in this list are monero, zcash, pivx, verge, and cloakcoin. Honorable mentions that almost made the top 5 include dash and navcoin. If you enjoy cryptocurrency content such as cryptocurrency price predictions, ICO reviews, cryptocurrency / altcoin reviews, and more of the like please consider subscribing to the channel. Hope you enjoy!
Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes.
Zcash is the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.
PIVX stands for Private Instant verified Transaction. PIVX features obfuscation, which is a Mixing Mechanism: In wallet coin mixing based on CoinJoin with various improvements over the original, but done in a decentralized fashion facilitated by the network of masternodes. This provides for an additional layer of privacy in transactions, while not perfectly anonymous, it is a far cry better than the standard bitcoin transaction.
Verge is a decentralized currency designed for users who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and I2P. It utilizes multi-algorithm mining support to improve security and provide equal distribution of coins to miners.
CloakCoin is one of the best systems available providing private, secure, decentralized and untraceable digital monetary transactions. It is also one of the most user friendly systems and will allow anybody with a computer or a smartphone to participate in today’s digital markets.
CloakCoin is secure and can protect your privacy very well. You can find detailed information on this web site how this security and privacy is generated. CloakCoin is a pure peer to peer network without the need of any master nodes, custom blockchain formats or information stored in databases or external ledgers, like sub blockchains.
Communication between all peers is encrypted, based on a TOR like onion routing system. Your transactions are supported by a group of so called “Cloakers” who help you to obfuscate the link between the sender and the recipient of a transaction. No data is logged, no information remains that would allow any researcher to trace transactions. Cloakcoin features Enigma and the Cloakshield.