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Verge combines two different functions to obfuscate transactions. The Privacy Coin uses the Tor network so that the IP addresses of users are hidden by default. In addition, so-called stealth addresses are used to hide transactions even better. Stealth addresses are based on the same principles as hierarchical deterministic wallets.
Simply put, this means that an unlimited number of unique addresses will be generated that have only one password. This makes it very difficult to assign which transaction is related to which wallet. However, if you send XVG to two different addresses, it is still possible to tell where the transaction came from . Verge has also had data leaks in the past and the crypto project was the victim of a 51 percent attack just a few days ago . Nevertheless, the Privacy Coin XVG was able to perform strongly in the last 30 days and has increased by almost 100 percent. The XVG price is at $ 0.02608.
4. Horizen (ZEN): $ 850 million market capitalization
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Horizen is a privacy focused blockchain. The project uses ZK snark technology , which is also used for other privacy coins. The so-called ZK Snark technology encrypts transactions and is intended to allow users complete anonymity. Horizen distinguishes between two types of addresses, namely private Z-addresses and public T-addresses. Depending on whether users want to carry out private or public transactions, they have the option of choosing between the two address types.
The ZEN blockchain platform aims to be a universal platform that focuses entirely on privacy. In addition to private transactions, ZEN also offers a private messaging service (ZenChat), a domain similar to the TOR network (ZenHide) and several sidechains. The ZEN token is always at the center of the Horizen ecosystem. ZEN token costs $75.25.
3. Zcash (ZEC): $ 1.7 billion market capitalization
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Zcash is one of the most famous privacy coins in the crypto space. The project was founded in 2016 by the Electric Coin Company, led by Cypherpunk Zooko Wilcox. In addition, ZEC is a fork of Bitcoin that operates its own blockchain based on proof-of-work. ZEC allows private transfers (shielded transactions) as well as public transactions. Just like ZEN and some other privacy coins, ZEC uses zero-knowledge proofs to conduct transactions without revealing the sender, recipient or transaction amount. At press time, Zcash is ranked 31st among the largest cryptocurrencies by market capitalization and a single ZEC token currently costs $165.75 .
2. Dash (DASH): $ 2.8 billion market capitalization
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Dash was an early fork of Bitcoin, initially called “Xcoin”. The project later became Darkcoin and eventually took the name Dash, for “Digital Cash”. At DASH, users can activate a privacy function to send transactions anonymously. A coin-mixing protocol anonymizes transactions, but transaction fees also increase. Even so, Dash's private send functionality is still not as secure and anonymous as Monero or Zcash. Dash's mixing method obscures transactions, but the sender and recipient are not completely anonymized.
Still, Dash is currently one of the largest cryptocurrencies making private transactions possible. DASH is trading at $288 .
1. Monero (XMR): $ 4.6 billion market cap
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Monero is the most popular privacy cryptocurrency in the world. XMR is probably the most anonymous cryptocurrency in the entire sector. The two methods help to completely hide the identities of the sender and recipient. In addition, the transaction amount is completely hidden so that even more privacy is guaranteed. XMR token costs $279.399 US dollars .
But there are a ton of other cryptocurrencies that have their main focus on privacy.
