Are you aware of privacy coins ?

Josemendez

Verified member
The world of cryptocurrency just as I have said in my previous post is very vast , with different platforms .


Despite the anonymous nature of some of the cryptocurrency like bitcoin , there exist a form of cryptocurrency called privacy coins. Example of such coin is Monero.

They are called privacy coins because of the privacy nature of their transactions .
Their transactions are untraceable.

This has served as a means of stealing by scammers due to it's high anonymous nature.

government of some countries have placed ban on the mining and sell of these privacy coins in their country .

What do you think about privacy coins ? ,should they be avoided ?
 
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