Dan Schatt and Domenic Carosa, co-founders of Earnity, believe cryptocurrencies have grown in popularity for various reasons, including anonymity and privacy. However, some of them assist in concealing identities and transactions. As a result, users are looking for new options as they become increasingly concerned about the anonymity of early cryptocurrencies such as Bitcoin.
Earnity’s Dan Schatt and Domenic Carosa want people to invest in the cryptos that make them feel safe. Cryptocurrencies are intended for crypto investors with an eye for privacy. These cryptocurrencies offer users several privacy features and claim to provide enhanced security features or options that conceal users’ identities and activities:
Monero’s popularity is rising, owing primarily to its aid in user anonymity. Because Monero transactions use ring signatures and stealth addresses, they are more challenging to track. These methods help in concealing the sender’s and receiver’s identities.
Zcash (ZEC) defines itself as “If Bitcoin is like HTTP for money, Zcash is HTTPS,” emphasizing its enhanced security and privacy features. Zcash has implemented a cryptographic tool called Zero-Knowledge Proof and grants participants the option to shield transactions, allowing them to transact without revealing their addresses to the other(s).
DASH is a cryptocurrency that allows users to choose whether their transactions are anonymous and private by utilizing its PrivateSend feature. It enables users to stay within their countries’ regulatory standards. In addition, the part conceals the source of your funds. However, using the private send feature will increase the transaction fee. DASH accomplishes this by using a mixing protocol and an innovative decentralized network of servers known as controller nodes.
Horizen (ZEN) provides privacy-protected Z-Addresses and public T-Addresses that function similarly to Bitcoin. Sending funds from a Z-Address to a T-Address, on the other hand, will display the amount received. It also has an extensive node network, which contributes to its anonymity.