Bitcoin, Binance & Etherium based COIN not a private crypto currency.
All cryptos not issued by government is private
What Is Private Cryptocurrency? Private cryptocurrency, also known as privacy coins, is a class of cryptocurrencies that offer anonymous blockchain transactions. In order to obscure the origin and destination of cryptocurrency transactions, some techniques used in trading cryptocurrency assets include hiding a user’s real wallet balance and address, and mixing multiple transactions with each other to elude chain analysis. Bitcoin and other non-private blockchains, on the other hand, offer transparency by allowing anyone to perform chain analysis and view public addresses and transactions in their network. In this way, it is possible to track someone’s deposits and withdrawals of bitcoin and other non-private cryptocurrencies. However, private cryptocurrency offers both anonymity and untraceability. Anonymity hides the identity behind a transaction, while untraceability makes it virtually impossible for third parties to follow the trail of transactions using services such as blockchain analysis. Top 6 private crypto Currency: Monero Zcash Dash Horizen Verge Beam Final word: Bitcoin, Binance & Ethereum based coins are not a private crypto currency.
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