What Are Privacy Coins?
Privacy coins are cryptocurrencies designed to obscure transaction details like sender, receiver, and amount. They use cryptographic techniques, such as zero-knowledge proofs or stealth addresses, to enhance anonymity.
Unlike Bitcoin, where the transaction ledger is public, privacy coins aim to make the blockchain data untraceable. This increased anonymity can be attractive for users seeking financial confidentiality.
Examples include Monero and Zcash.
