Anonymous Crypto-Currencies With Highest Investment Potential As Of 2020
Since last year, the price per unit and the volume of assets of the crypto-currencies DASH, Zcash (ZEC) and Monero (XMR) have been growing at the rapid-fire pace. We’ve drawn up a selection of several digital monies based on the same technology that have high chances to meet with big success in the near future.
The Crucial Role Of Anonymity
Despite all its merits, BitCoin has a problem: if you share your address once, all your financial transactions become trackable. And sometimes we all find ourselves in a situation where the money needs to be transferred somewhere excluding the possibility of back-tracking. An example of such a situation may be making a donation or sending a present anonymously to a person you admire. Moreover, the European Union put up for discussion the proposal on the de-anonymization of digital currencies. Luckily for presenters that wish to stay incognito, some crypto-currencies aim to keep this issue out of your concern.
Potentially Successful Anonymous Coins
ByteBalls (aka GBYTE). All your transactions are concealed from the attention of third parties. Money goes to the payee without leaving a trace in a publicly available database. Only the transaction hash is recorded, but it serves no good for tracking the payer. Online trading platform(s): Cryptox.
ExclusiveCoin (aka EXCL). It’s a fork (branch) of DASH established in 2014. While the “mother” crypto-currency featured Proof of Work, the “daughter” has Proof of Stake. In brief, buy the virtual coins, and then stake them when you see an open wallet. Trading platform(s): CoinExchange, Bittrex.
Zcoin (aka XZC). Features the span-new Zerocoin protocol, making a step towards decentralization without compromising security or performance. The mining process is very light and doesn’t take long to complete. Trading platform(s): BTC38, Bittrex, and others.
Zdash (aka ZDASH). It’s a fork (branch) of Zcash that appeals to users with its lack of any developer’s fee for mining. Most of the statistic parameters the Zdash system employs are derived from BitCoins. Other advantages include a friendly user community and tireless development team. Not available at large exchanges yet. Trading platform(s): Cryptopia.
Siacoin is a cryptocurrency that powers the Sia network, a decentralized cloud storage system that lets anyone rent out spare hard drive space or utilize other people’s spare hard drive space to store files.
On top of that, if you interested to make money – there are other ways as well. To name a few, you can get paid to respond to online surveys, stake your cryptocurrencies that are POS, or simply HODL your coins because they are going up (sooner or later).
But you should always follow the latest crypto news to be up to date with the latest information.