In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This fascinating piece by Gerald Fenech published on Forbes tackles the proverbial privacy coin dilemma and the options currently on offer. Read on.
“Privacy coins occupy a niche within the cryptocurrency industry that many of the early adopters of cryptocurrencies consider being essential. After all, Bitcoin itself is often incorrectly referred to as an anonymous way of transferring value yet the Bitcoin blockchain is inherently public and once a wallet address can be linked to a user, all the transaction history becomes public. Privacy coins solve this problem by employing a number of different techniques, giving its users a truly anonymous and privacy means of exchanging value.