Over the years, we have seen multiple privacy-oriented cryptocurrencies emerge. As most people are well aware, Monero seems to be holding all the best cards in this regard even though there is still room for improvement. Bytecoin is another project focusing on the same problem, even though its developers have done things slightly differently. Combining privacy with untraceable payments has proven challenging; that much is evident. Why does Bytecoin Exist? It is not hard to figure out the idea behind Bytecoin. It is a cryptocurrency designed to protect individual privacy, minimize risk for business, and allow for investment growth. The project has beenPowered by WPeMatico
Over the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the country’s tax officials. Also read: Federal Reserve Chair: “Fed Doesn’t Really Play Any […]
The Satoshi Revolution: A Revolution of Rising Expectations. Section 2: The Moral Imperative of Privacy Chapter 4: When Privacy Is Criminalized. Only Criminals Will Be Private by Wendy McElroy What Do You Have to Hide? Everything! (Chapter 4, Part 1) I grew up with the understanding that the world I lived in was one where […]
The number of existing and upcoming Bitcoin hard forks continues to grow at an alarming rate. In fact, it seems the next fork is always just around the corner. Bitcoin Private, for example, is one of those upcoming forks, but these tokens will not be issued to BTC holders. That in itself is a rather remarkable decision. Whether or not anyone will care about this fork remains to be determined, though. Bitcoin Private Uses ZClassic Technology It is evident that Bitcoin lacks privacy and anonymity traits. Although some government officials like to label Bitcoin as anonymous, it is anything but.
It is evident a lot of the top 50 cryptocurrencies and ICO tokens derive their value from speculation first and foremost. Most of these projects have no working product, and their developers announce features which may or may not be delivered on time. In the case of Verge – a coin recently hyped by John McAfee – it seems the launch of its Wraith protocol has triggered a massive sell-off. That’s not entirely surprising, considering this new feature is not that big of a deal upon closer inspection. Verge’s Wraith Protocol Implementation is Live A lot of Verge supporters have been looking forward to
Privacy coins are meant to be private: that’s their raison d’être. Without this functionality, they’re just altcoins, and dangerous ones at that for anyone relying on them for anonymity. Verge (XVG) is one of the best known privacy coins on the market, but it risks becoming famous for all the wrong reasons. A new website […]
With over 50 privacy coins on the market, purveyors of anonymous transactions are spoilt for choice. This smorgasbord of privacy-centric coins can be a little overwhelming though. To help you pick the best of the bunch, here’s our rundown of the main contenders. Also read: Meet ‘Cash Shuffle’, the Privacy-Centric Protocol for Bitcoin Cash How Privacy […]
Removing the potential for a single point of failure, decentralizing gives way to three enduring principles upon which cryptocurrency rests: security, privacy, and censorship resistance. Perhaps the bitcoin community has deviated too far from these principles and, as a direct result, hacks, flash crashes, government raids and lawsuits against centralized exchanges might slow wider adoption […]