Privacy coins offer higher levels of privacy and anonymity by hiding or obfuscating blockchain transactions. Here are some of the most popular privacy coins and how you can buy them on Binance 👇
, an acronym for zero-knowledge succinct non-interactive argument of knowledge, allows you to prove that a transaction is valid without sharing its details ., others can link your signature to your address. Ring signatures stop that from happening.
Since there are various signatures in the same transaction, it becomes harder for others to connect your signature to your address.This will depend on the design and structure of each privacy coin, as some are more traceable than others. Not all privacy coins are as private as they claim. Poorly designed protocols could contain flaws that can make their transactions traceable. Still, considering the current cryptography and encryption methods, we can say that privacy coins are working well.
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