Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Topic started by: sulphur007 on April 17, 2020, 02:08:01 AM
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Regulatory pressure from governments, local central banks, and specialized law enforcement is pushing cryptocurrencies to adopting privacy-focused capabilities. That’s precisely how TeleCoin found itself building the Trend-Setter platform and why Charlie Lee, the founder of Litecoin, announced confidential transactions for its coin.
Given all the recent legal actions with crypto exchanges being shut down, Coinbase forced to give user records, and India banning cryptocurrency use entirely, coin owners aren’t having the best time right now. A couple of years ago, being an early adopter meant being a part of the geek club, and that club came with a significant profits. But after 2018, while the market can still be considered in its early stages, being an early adopter is neither cool nor profitable anymore. It can come with a lot of legal hurdles.
After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend forex #spam Investment Platform and cloud mining(www.forex #spam,io) as it is relatively on for a while now as it was lunched mid 2016 but has become the largest Cryptocurrency Investment Platform right now with a volume of over 150 million dollars where you get different ROI’s of your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins.
That’s where private coins with high-encryption techniques and mixing technology comes into play, helping cryptocurrency users have anonymized transactions. The market demand encouraged many teams to use their knowledge into crafting a unique token with privacy-focused features, leaving us with a long list of options to choose from.
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A lot of talk about privacy coins lately
Here's a list I found, hope it helps
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With so many choices, making a choice might seem hard. Regardless of using ring signatures like XMR, masternode capabilities like TELE, or shielded addresses like ZEC, they all have one purpose: to ensure the survival and success of cryptocurrencies. Below, I crafted a hand-picked list of the most advanced projects to help you for the time being.
1) TeleCoin — TELE
TeleCoin’s TELE is a community project with the goal of building an anonymous peer-to-peer network. It’s built on top of the Dash and PivX projects, which will be covered later in this article. What makes TeleCoin special is its ability to implement the features of all other projects under one network.
Under the hood TELE network is based on Proof of Stake, private transactions, masternode capabilities, and a decentralized blockchain voting system. Besides the network itself, TELE is expanding its use cases towards microtransactions by developing the Trend-Setter platform, an affiliate network reward platform targeted to both business and individuals. While most privacy coin users are complaining about not being able to actually spend their tokens, TELE owners could benefit from this ability right away. Why should you wait for adoption when you could create your own architecture? That’s exactly what TeleCoin did.
2) Monero — XMR
Maybe the most popular private coin in existence today, Monero’s transaction sources and destinations are untraceable. The technology behind it is known as the CryptoNight Proof-of-Work protocol that uses ring signatures to obfuscate the ledger of transactions, which by default is public for the blockchain. This also means that it is not possible to know the total of XMR coins held by a particular node.
WannaCry hackers opted to convert their ransomware stash into Monero to escape scrutiny from authorities. Monero was the most popular cryptocurrency used for transactions on AlphaBay, the largest marketplace on the darknet. Actually, even after the authorities shut it down, they were unable to estimate the transacted amount. Regardless of its popularity among web drug dealers and hackers, these are pretty impressive accomplishments. However, a recent study done by a team of researchers revealed that it is possible to extract individual transactions. Not as private as you might believe.
3) Zcash — ZEC
When it comes to privacy coins, there is this belief that most people are using them for illicit activity. As Josh Swihart, Marketing Director of Zcash, states, “private and legal are not antonyms”. That’s why Zcash has two types of transaction options: one that’s happening on the public ledger, and one that keeps the individual address shielded, allowing for anonymous trading.
Even if the actual transaction data is encrypted, Zcash remains compliant with regulatory agencies at the cryptocurrency exchange level where AML/KYC controls are applied at the point of exchange between fiat and ZEC. They are not willing to help criminals, they are offering protection to law-abiding citizens and guarding them against bad actors.
4) Dash — DASH
Dash is one of the oldest privacy coins, having undergone a name change twice since 2014. First it was called Xcoin, then Darkcoin, and now Dash. The coin is a fork of Bitcoin and its privacy component is treated exactly as an added feature. It’s called PrivateSend. It’s optional, and it’s able to hide the chosen transaction data within its mixing mechanism.
It makes it easy to follow the ledger and the transacted amounts, while individual transactions can’t easily be traced. As Ryan Taylor, CEO of Dash, states, “[Privacy] is also a safety issue for users that could be targeted by criminals that become aware of a user’s holdings by tracing their transactions.”
5) PivX — PIVX
PivX company went a step further towards those who need privacy for their transactions. As Simon Fischer, the founder of FusedHelios, a PIVX Class, explains, “PIVX is trying to level the playing field to make privacy a right and policy for everyone — not just the wealthy or the corrupt.” They are aiming for an onchain solution; a decentralized marketplace based on the PIVX network, zDEX.
In this case, there is no central point for its running network. There’s no one to arrest or sue to bring it down. As long as there are PIVX users, the network will remain active. As Jim Haggerty, PIVX’s Community Leader informed its users, it becomes the highest priority for them as privacy coins seem to become the target of regulators.
Private coins got criminals’ attention while cryptocurrencies were accessible, legal, and unregulated. Now that the market is shaken up by governments attempt to introduce more restrictive regulations, mainstream consumers are finding their benefits. The growth in demand is already served by the acceleration of technical developments regarding anonymity features. Governments and regulators are already aware of this, given the fact that India announced that private coins are their first priority. Given the fact that projects like TeleCoin and PIVX are making significant technical advancements against authorities, we can look forward to a crypto space with more privacy-focused options and subsequent price increases for the best of them!
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IQ Cash is a really good option, and it offers to you security, fast transactions and more, take a look on the project and you will discover another good coin to use in the next Bull Run.
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Anonymous coins can be pressured by the governments of European countries and the USA, as confidential coins do not allow tracking transactions, which the special services really want to do. I think enough confidential coins have already been created and it makes no sense to create new ones. For example, Zcash, Dash, Monero allow you to make anonymous transactions and these coins have many fans.
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I wonder how the anonymous transaction function will be implemented in Litecoin. I think this should raise the price of Litecoin and attract new fans from among fans of anonymous coins.
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I think that some of these anonymous transaction functions in these coins may not work out at the long run because some of these features that make them private may not attract huge populations of investors or traders. The reason been that a private coin may be insinuating a coin that may be used to sponsor crime, as such, may limit adoption of the coin by many users around the world.
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Privacy coins are facing scrutiny by the government's regulatory bodies not just in the US and Europe but in Asia as well, Even my own country's regulatory body that involves in cryptocurrency regulation has demanded those privacy coins to comply by the agency rules to avoid any problems. to all listed privacy coins that you mention only Dash is my bet and I was using it since 2016 regarding Bullrun, I think it's not the right time to talk about it since we are still in a crisis stage.
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I will recommend forex #spam Investment Platform and cloud mining(www.forex #spam,io) as it is relatively on for a while now as it was lunched mid 2016 but has become the largest Cryptocurrency Investment Platform right now with a volume of over 150 million dollars where you get different ROI’s of your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins.
I have never used forex #spam.io for Investment, maybe later I will try to check first before I enter.
If indeed forex #spam has good potential, I will definitely invest there.
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Best Privacy Coins For The Coming Crypto Bull Run
1 DigiToads (TOADS)
2 Litecoin (LTC)
3 Solana (SOL)
4 VeChain (VET)
5 Aleph Zero (AZERO)
6 Uniswap (UNI)
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Monero, zcash, Dash, oasis network and Decred are best coins to invest. These currencies have large market capitalisation.These are available at binance, kraken, bitfinex, htx among others. I believe these coins are profitable up to 10X in this bull market.