Top 3 privacy cryptocurrencies for January 2022

Top 3 privacy cryptocurrencies for January 2022
ôîòî ïîêàçàíî ñ : invezz.com

2022-1-4 14:39

A key goal of the cryptocurrency industry had to do with privacy. Satoshi Nakamoto and other crypto “evangelists” believe that fiat-based currencies do harm by giving government agencies too much power. Still, popular cryptocurrencies like Bitcoin have some privacy loopholes that have been breached by actors like the FBI. So, let us look at the top 3 privacy cryptocurrencies to buy.

Monero

Monero (XMR/USD) is the biggest privacy-focused cryptocurrency in the world. It has a total market capitalization of more than $4.5 billion, making it the 45th biggest cryptocurrency in the world. 

Monero uses strict encryption that makes it relatively impossible for anyone to track transactions. Indeed, the Internal Revenue Service (IRS) was deeply concerned about the coin that it paid $600k for people to crack its network.

However, Monero price has not done well in the past few months. Its price has crashed by about 55% from its highest level in 2021. Its ranking has also been in a downward trend even as the volume of Monero transactions has risen. 

This sluggish performance is partly because Monero is a proof-of-work (PoW) network and that it is not a sexy cryptocurrency. Unlike many others, it rarely makes headlines.

Decred

Decred (DCR/USD) is a leading privacy-focused cryptocurrency that combines proof-of-work (PoW) and proof-of-stake (PoS) technology. Its PoW mechanism has a BLAKE-256 has an algorithm and is mined exclusively by ASIC miners. It also uses a proof-of-stake technology that ensures that blocks must be verified by 3 or more tickets. 

The Decred price did well in 2021 as it jumped by about 100%. It has now declined by about 71% from its highest level in 2021. This drop has also dragged its ranking among cryptocurrencies. Still, there is a likelihood that it will bounce back in January 2022.

ZCash

ZCash (ZEC/USD) is the second-biggest privacy coin in the world after Monero. It has a combined market capitalization of more than $1.8 billion. It rose to an all-time high of $260 in 2021 and then erased most of those gains and is trading at $70. 

ZCash uses a simple approach to boost security of its network. It has two transaction types, known as t and z. Z-addresses start with a z while t transactions start with a t. A Z-to Z transaction appears on the public blockchain but the addresses and memo are not visible. A t-to-t transaction happens like Bitcoin and its details are seen in the public blockchain.

The post Top 3 privacy cryptocurrencies for January 2022 appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) íà Currencies.ru

$ 0.0095806 (+7.58%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 2.35 %, 7d: -7.78 %
Cåãîäíÿ L: $0.0086651 - H: $0.0095806
Êàïèòàëèçàöèÿ $183.154k Rank 1690
Äîñòóïíî / Âñåãî 19.117m EMD / 32m EMD

privacy believe fiat-based evangelists crypto currencies harm

Èñòî÷íèê: invezz.com

privacy believe → Ðåçóëüòàòîâ: 57


The Privacy Concept of Cryptocurrencies And Their Limits

There have been concerns on how far our privacy is compromised when we use cryptocurrencies such as Bitcoin and Ethereum. This is one of the reasons why developers are seeking ways to enhance the privacy of users, even though there are oppositions from some quarters who believe that transactions on the blockchain are meant to […] The post The Privacy Concept of Cryptocurrencies And Their Limits appeared first on NullTX.

2019-12-13 08:45


Ôîòî:

Bitcoin Sudden Breakthrough ‘Unlikely’ In Scalability Quest, Says BitMEX

Researchers at one of the biggest Bitcoin derivatives giants believe there is no point waiting for a specific innovation to take Bitcoin mainstream. BitMEX: Bitcoin Will ‘Slowly Improve’ Presenting a new forecast on October 6, BitMEX Research, the analytics arm of BitMEX, said new tools such as the Lightning Network would not transform Bitcoin overnight.

2019-10-7 13:00


Domestic abusers are using easily accessible apps to stalk and control their victims

For the ongoing series, Code Word, we’re exploring if — and how — technology can protect individuals against sexual assault and harassment, and how it can help and support survivors. Hollywood has us believing that spyware technology is only used by secret-agent hackers who plant tracking devices in car wheels or in the soles of shoes.

2019-7-16 14:52


Ôîòî:

Marketers shouldn’t base their plans on click-bait — get the real data

Simon Kemp is a global thought leader in digital marketing, CEO of Kepios, and the author of Hootsuite and We Are Social’s renowned Global Digital reports. In his talk ‘Don’t believe the hype: what people are really doing online’ at TNW2019 he explained how the imminent “social media apocalypse” that’s been proclaimed news stories is far from being true.

2019-5-9 18:55


Ôîòî:

‘Shut Down the Cryptocurrencies,’ Says Nobel Prize Winning Economist Joseph Stiglitz

Despite the growing popularity of cryptocurrencies, there are some people – experts in their fields – who believe that cryptocurrencies are not good enough and should be banned. The latest person to join this school of thought is Joseph Eugen Stiglitz, a recipient of the 2001 Nobel Prize in Economics and a Professor at Columbia […] ‘Shut Down the Cryptocurrencies,’ Says Nobel Prize Winning Economist Joseph Stiglitz was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-5-7 14:29


Ôîòî:

Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto

There are many keywords in blockchain, but few spark as much emotion as “decentralization. ” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.

2019-3-1 19:43


BitWings ICO

BitWings token, a native currency of Wings Mobile ecosystem, has 100% guaranteed issuing value and is the only means to pre-order the first (40 000) ultra-secure blockchain smartphones in the world able to generate up to 2 ETH a month without any power consumption, powered with neural technology.

2019-2-21 20:03


Ôîòî:

How Monero Are Improving Human Rights With XMR

 Listen Here – https://soundcloud. com/cryptodaily/how-monero-are-improving-human-rights-with-xmr Monero is considered to be the privacy coin, the currency of choice for absolute privacy. Now, privacy doesn’t necessarily mean security and we should remember that 2018 has seen a tonne of ‘Monero mining’ hacks, calling into question some of the projects integrity.

2018-10-12 17:00


äàëüøå åùå 8 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Electric Coin Company distances from direct funding of Zcash

Electric Coin Company appears to be shifting its Zcash funding approach, calling for decentralization. The Electric Coin Company (ECC), a firm behind the Zcash cryptocurrency, has announced a shift in its funding approach for the token, signaling a departure from…

Grayscale wants to launch new ETF tracking privacy coins like Zcash

Grayscale seeks SEC approval for a new exchange-traded fund (ETF), which will track the performance of data privacy companies and protocols like Zcash. In a regulatory filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Investments said it plans…

Namada unveils its RPGF airdrop with 65M $NAM

The Anoma Foundation, the organisation behind asset-agnostic privacy blockchain Namada, has launched its Retroactive Public Goods Funding (RPGF) airdrop program, targeting 65 million $NAM tokens for early participants.