Monero (XMR) is an opensource cryptocurrency created in April 2014 that focuses on privacy and decentralization.Monero uses a public ledger to record transactions while new units are created through a process called mining . Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.
The focus on privacy has attracted illicit use by people interested in evading law enforcement.The egalitarian mining.
process made it viable to distribute the mining effort opening new funding avenues for both legitimate online publishers and malicious hackers who covertly embed mining code into websites and apps.
Verge is a decentralized open source cryptocurrency that offers anonymous transactions by obfuscating the IP address and geolocation of its users so that they are untraceable using technology including Tor and I2P.It trades under the symbol XVG.
Originally named DogeCoinDark when it was created in 2014, it was rebranded Verge Currency in 2016.
Verge has a transparent ledger that allows anyone to view all of its transactions, but protects user identities and locations by integrating both Tor and I2P to not expose IP addresses. As for the specifics of how Verge offers that anonymity, it’s an open source project that leverages Tor, which hides your IP address by encrypting your traffic and bouncing it through a chain of computers around the world, and I2P, which differs in practice but offers the same broad strokes peer-to-peer routing. And using the so-called Wraith Protocol, Verge users can make either public or private blockchain transactions.
AEON (AEON) is an open-source, decentralised cryptocurrency.
Each transaction of Aeon is secured with robust cryptography and distributed through a global peer-to-peer consensus network.
AEON utilizes a cryptographic system to transfer funds without the identifying information of each user becoming visible on the blockchain.
AEON uses ring signatures to make transactions untraceable, meaning it is very difficult for blockchain analysis to determine if funds have been spent.
Zcash is a open source decentralized cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016. Development of protocol improvements and the reference implementation is led by the Zerocoin Electric Coin Company, colloquially referred to as Zcash Company.The founder and CEO of Zcash Company is Zooko Wilcox-O'Hearn. Its founding team includes cryptographer Matthew D. Green from Johns Hopkins University. Roger Ver was one of Zcash Company's initial investors.
Zcash payments are published on a public blockchain, but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted. Like Bitcoin, Zcash has a fixed total supply of 21 million units. In the first four years, 20% of the coins created in that period are allocated to a "founders' reward" shared between investors, developers, and a non-profit foundation.
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NavCoin is a decentralized cryptocurrency that uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of NavCoin is carried out collectively by the network. NavCoin is open-source; its design is public, nobody owns or controls NavCoin and everyone can take part.
Fast Transactions No need to wait 10 minutes. Send NAV anywhere on the planet instantly and have it confirmed within 30 seconds
NavCoin uses Proof of Stake which only consumes a fraction of the energy used to mine using Proof of Work.
Monero, ZCash, Verge has a bright future.
What you think @damapa?
Yes it has good future
Monero and verge are surely at the top.
These privacy coins have a long future
Zcash seems quite interesting
Good job like it and upvoted...
hope you will do the same thanks!!!
Done bro
Privacy coins have a long future.& is profitable to invest in all
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Monero give u gud return