One of the most popular features of cryptocurrency are privacy and anonymity. These characteristics help users to hide identities and remain anonymous in terms of transactions they conduct. While there are concerns about the privacy of Bitcoin, blockchain users are looking for new, more private options.
This is where privacy coins – cryptocurrencies that implement additional security features to ensure that all data about users and their activities on the blockchain is fully protected – come in.
In today’s SpectroCoin blog post, we present our insights into privacy coins and how they work, and discuss the overall importance of privacy as it relates to the blockchain.