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Ryan

Which are the most anonymous cryptocurrencies?

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Hello Ryan,
Cryptocurrencies are continuing to become popular across the globe because of its many unique features. The secrecy and privacy the cryptocurrencies offer, enable the users' identities and transactions to remain hidden.
However, there are many worries about the privacy of cryptocurrencies due to the rising cases of cybercrimes.
An investor who is most worried about the privacy of the cryptocurrencies they deal in should look for the ones that offer very high security.
Monero (XMR) is one of the best cryptocurrency that keeps the identities and transactions of the users adequately hidden. It grown popularity is because of its unknown characteristic. You can neither trace nor link the transactions that take place with Monero.
Dash was the first cryptocurrency whose features emerged as the most private. It uses an anonymization strategy known as Coinjoin to keep transactions anonymous. It blurs transactions by mixing different transactions made by different traders and reckoning them as one transaction.
ZCash is another most anonymous cryptocurrency. It applies a tool known as Zero-Knowledge Proof that allows its investors an alternative to conceal their transactions. The zero-knowledge Proof also blurs the amount involved in a certain transaction.
Verge (XVG) is also an anonymous cryptocurrency though it does not depend on cryptographic tools. It depends on the technology of The Onion Router (TOR). TOR rebounds the transactions of a user over many networks in different locations, hence hiding the user's identity.
Privacy is needed in the crypto world; however, there is a risk of illegal use, such as hacking attempts by fraudsters.

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