General

Access denied: top 7 best anonymous cryptocurrencies

Cryptocurrencies are a difficult topic, therefore the myths in the nichemore than enough. For example, many consider Bitcoin an absolutely anonymous coin that leaves no trace. The statement is partially true: if you try and link the address in the blockchain with a real person, all his transactions will be clearly visible. This can not be done with all cryptocurrencies. We meet with those who hide the identity of users best.

Bitcoin and its property to reveal itsowners are not news. Recently, a crypto enthusiast and well-known member of the crypto-community Andres Antonopoulos called the first cryptocurrency “pseudo-anonymous”. According to him, it is possible to keep your identity in secret for some time, but for this you will have to exert a ton of effort. In general, Bitcoin is “not the best thing for anonymity.”

Say the same about the coins from the list below will not work. They hide transaction volumes and interacting addresses, which is why even psychics will not help to contact the sender or recipient.

Grin

Grin - a new anonymous coin on the protocolMimbleWimble, which became the main news of January. The main network of cryptocurrencies was launched on the 15th, but already during this time it ranked first among the most promising altcoins with an emphasis on privacy according to residents of various regions of China.

According to the developers on the main project,The coin will allow anyone who wants to keep money and work with them without fear of external influence. To do this, Grin hides the addresses and amounts of transactions. The transactions themselves are transferred privately between peers before the public announcement of the transfer of funds.

An important point - Grin launched without ICO, besidesthe developers did not save some of the coins in their wallet before the start of mining. In this regard, representatives of the team are hoping for donations from users and regularly remind about it.

Monero xmr

If you lower the HYIP around Grin, the leader amongAnonymous coins are still Monero. Privacy works here by default, achieved through the use of "ring" signatures, stealth-addresses and RingCT's confidential transactions. Transaction data is displayed only to parties.

The network generates new address combinations foreach operation. This ensures confidentiality, but also affects the duration of transactions. Mine Monero recommend on the pool 2Miners, instructions - here. You can dig both with the help of video cards and on the processor.

Dash

Dash is one of the most famous and oldestcryptocurrency. For example, in the world ranking CoinMarketCap there is data on it since February 2014. Then they asked for 21 cents for a coin, today the rate is at 67 dollars. By the way, the peak price of Dash at the end of 2017 exceeded $ 1,500.

Stay afloat and in the top tenthe rating of coins by capitalization is helped by additional functions. PrivateSend protects the confidentiality of transactions and balances in wallets, and InstantSend spends no more than a second on confirming payments.

In addition, Dash was the first to receive the support of the master. This article will help you learn more about them, and try yourself as an investor in practice here.

Zcoin XZC

Zcoin - the first full implementationprotocol Zerocoin, which is responsible for anonymity. The system creates a serial number "R" and secret - "s". They are then used in a cryptographic function to create a “V” value that falls into the blockchain and ensures that the data is valid. It turns out that everyone can see the “V”, but nobody can find the ends.

The main feature of Zcoin is supportCPU mining is just like Monero. It is possible to solve blocks and ensure blockchain operation even with the help of a computer processor, that is, it is not necessary to spend money on farms. It is better to dig XZC coins here, and instructions with settings and other trifles are here.

Zcash

Zcash runs on the zk-SNARK protocol, alsoknown as proof of zero knowledge. In short, it allows you to confirm the correctness of the information sent to the other party without displaying the data itself.

By default, Zcash is not anonymous. Creating a transaction with zk-SNARK requires at least 4 GB of RAM and running a full node as a prerequisite. The developers promise to work on this feature in the direction of simplification.

Beam

Another new project based on MimbleWimble. All data networks are hidden from prying eyes, and this does not need any additional conditions. There are no addresses and other private data in the blockchain; there is support for offline operations and integration of hardware wallets. In addition, the developers did not conduct ICO and Premine, so everything is fair and transparent.

The scheme of work is as follows: the user's wallet creates a transaction in a secure channel and sends it to the node. The signature involves the wallets of the sender and the recipient, the Schnorr protocol is involved. The node confirms the transaction and sends it to miners, and the confirmed block with the transaction extends the longest chain. The case ends with synchronization.

ZenCash / Horizen

ZenCash survived the rebranding and is now calledHorizen. He was born in the form of hardcore Zclassic, and also uses "an improved form of technology zk-SNARK" and end-to-end network encryption. The coin was marked by the presence of Transport Layer Security (TLS), which provided protection not only at the protocol level, but also inside the data packets themselves.

Two kinds of master codes help the network: Secure Nodes and Super Nodes. Each species receives 10 percent of the block reward. 60 percent fall on miners, and 20 percent go to the developer fund.

findings

Cryptocurrencies are the money of the future that createrepresentation of it today. With their help, you can send value anywhere in the world, not paying attention to borders and established rules. Is this potential enough to change the world? Will it be for the better? Share your opinion in the comments.

Facebook Notice for EU! You need to login to view and post FB Comments!