Cryptocurrencies have gained popularity due to several factors, including privacy and anonymity. Some of them help users to conceal their identities and their transactions. Amid mounting concerns about the anonymity of early cryptocurrencies, such as Bitcoin, users are searching for new options.
There are many privacy-oriented cryptocurrencies on the market, each with their own unique features. Some of these claims to offer enhanced security or options that help keep users’ identities anonymous and activities concealed from third parties such as government authorities who may be monitoring them for suspicious activity.
1. Monero (XMR)
Trading at $238.73 as of Sept 25, 2021, Monero was the 26th-largest cryptocurrency by overall market value, coming in at roughly $2.8 billion.1
Monero is a cryptocurrency that can help to anonymize users. Transactions are much more difficult for others to trace because of its use of ring signatures and stealth addresses, which hide the sender’s identity in addition with receiving party being unknown as well thanks also it providing Confidential Transactions (or RingCT) where information about transaction amounts remains obscure so there’s no way anyone will know how much you bought or sold without knowing beforehand.
2. Zcash (ZEC)
Zcash ranks at number 60 in the list of cryptocurrencies with a market cap of $1.49 billion and is trading at $112.07 per ZEC as of Sept 25 , 2021.1
Zcash is a cryptocurrency that enhances security and privacy through cryptography. It allows transactions to be hidden from participants, making it more difficult for anyone else who may attempt an exploit on the network as well protect against malicious actors trying to trace information back its source by analyzing transaction data in order find patterns or guess passwords used during account creation processes. The Zero-Knowledge Proof feature also helps prevent third parties such as government agencies from viewing sensitive materials without users’ consent because they can’t decipher what these individuals are sending each other due encryption–even if you’re not using masks.
As of Sept 25 , 2021, Dash ranked 61st by market cap with a total value of over $1.46 billion. At the time of writing, it is trading at around $1167.10
Designed to give you ultimate control of your transactions, DASH is a cryptocurrency that allows users the option for private and anonymous spending using its PrivateSend feature. This privacy-centric protocol obfuscates transaction origins while also raising fees slightly when choosing this mode–it does so by employing an innovative decentralized network of servers called master nodes which make up part way inmixing process between sender and recipient addresses together without revealing any identifying information regarding either party involved or where exactly those funds came from originally.
4. Horizen (ZEN)
On Sept 25 , 2021, Horizen traded at $68.94 and had a total market cap of around $776.56 million. That made it the 83rd largest cryptocurrency.
Horizen (ZEN) is a unique cryptocurrency that offers privacy and anonymity. One of the ways it achieves this goal, for example, is through its Z-Addresses which can be used to send funds from one person to another without being seen on either end because everything gets encrypted before transferring them – not even Horizain knows what’s really happening! Additionally their T address system allows users complete control over how much information about themselves they want others within their network see during transactions; in fact if you use public addresses then everyone will know exactly where things are going thanks this nifty little feature called “transfers.”
5. Verge (XVG)
As of Sept 25 , 2021, Verge ranked 111th by market cap with a total value of $393.63 million and an exchange rate of $0.01999 cents.
The techniques used by the developers of Verge (XVG) are innovative in comparison to traditional cryptocurrency, as they rely on existing technologies such as The Onion Router and Invisible Internet Project. TOR bounces user communications around volunteer relays all over the globe; therefore, protecting their identity from being revealed while browsing online content or sending messages through this networked system between others users’ computers. I2P also encrypts data sent out across its anonymity-preserving peer to peer architecture where volunteers globally share resources with one another so that each individual has access but no knowledge about what other nodes do within our distributed system – which provides great levels of security for those who want privacy.
As of Sept 25 , 2021, Beam tokens were trading at $0.5441, with a total market value of $39.77 million, making it the 462nd most valuable cryptocurrency.
Beam is a new and innovative cryptocurrency with features that are designed to provide complete control over your privacy. All transactions on the network will be private by default, without any addresses or other identifying information stored in blockchain nodes; this ensures superior scalability due its compact size for blocks which can process data more quickly than others–as well as opt-in audibility so you may monitor what’s happening behind the scenes if desired (supporting online/offline payments); support of hardware wallet integration.
While privacy is a much-desired feature in the virtual world, it brings with it the perils of a large criminal element. Cryptocurrency operators have to fend off numerous hacking attempts by malicious participants. Law enforcement agencies and regulators are also more likely to investigate people with large transactions.