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Rachel Welch

25 November 2022 81 Read Crypto

How Do Privacy Coins Work?

Whether you're looking to keep your personal finances secure or you want to protect your identity from malicious third parties, privacy coins offer a great solution. These coins work by hiding transactions from the public eye.Privacy coins are a form of digital currency that conceals the details of transactions on a public ledger, known as the Blockchain. These coins are gaining popularity as a way to keep finances and identities private. These coins also help to prevent third parties from tracking the flow of funds on the network.

There are a number of privacy coins, such as Monero, Zcash, XMR, and Beam. These coins offer a number of security features, such as stealth addresses, shielded transactions, and private view keys.