What are privacy coins?
1 What are privacy coins? Privacy-focused cryptocurrencies are peer-to-peer payment systems with their own unit of account, designed to ensure full confidentiality of financial operations through cryptographic protocols that make auditing network data difficult or impossible. Among the largest by market capitalisation are Monero, Dash and ZCash. 2 What is Monero? Monero is a peer-to-peer payment system based on the CryptoNote protocol that provides anonymity via ring signatures and stealth addresses. The protocol was created by Nicolas van Saberhagen and first implemented in Bytecoin, from which Monero is a fork [April 2014].