Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Zcash Forum => Topic started by: Oxumare on June 09, 2020, 03:23:42 PM
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Chainalysis calls the ‘privacy coin’ bluff — adds support for Zcash and Dash, calling Dash a ‘privacy coin’ is a ‘misnomer.’
On June 8, Chainalysis announced support for privacy coins Zcash (ZEC) and Dash (DASH) making it easy for the law enforcement to track them.
Calling Dash a privacy coin is a misnomer
The company claims that it can trace the vast majority of Zcash and Dash transactions due to the fact that most users do not use privacy-enhancing features. When it comes to Dash, Chainalysis goes as far as to say that calling it ‘privacy coins’ is a misnomer, it concludes:
“In fact, independent wallet softwares provide more advanced forms of CoinJoin that are being used with major cryptocurrencies not labeled as privacy coins, such as Bitcoin, Bitcoin Cash, and Litecoin.”
Read More (https://cointelegraph.com/news/chainalysis-can-now-track-your-privacy-coins-zcash-dash)