Best Privacy Coins of 2020 based on the Token Metrics Moon Awards.

Here at Token Metrics, we understand that our most valuable asset is you, our audience.

With your help, we have put together a guide to the Top 3 Privacy Coins of 2020, as voted upon by you.

So sit back, relax, and enjoy the Moon Awards.

What Are Privacy Coins?

The foundation of cryptocurrency lies in the idea that the power wielded by the big banks and government should transfer to the masses.

Crypto aims to do this through the decentralization of the current monetary system.

The ability for cryptocurrency to be decentralized is a result of its innovative Blockchain technology.

Blockchain serves as the building blocks necessary for all cryptocurrencies.

Its design is to make a financial system that is both free and transparent while also creating enhanced security and privacy.

While almost all cryptocurrencies are used for decentralization, some coins take the concept of privacy further than others.

These types of coins form the category of crypto known as privacy coins.

Although it is not always portrayed this way in the media, cryptocurrency is quite transparent as the majority of blockchain networks broadcast every transaction and wallet balance publicly.

As a result, it is not a difficult task to track someone’s financial activity.

Privacy coins are designed to make their user’s financial activity untraceable by focusing on their transactions’ ability to remain anonymous and undetectable.

Privacy coins achieve these features through their use of encryption techniques and coin-mixing technology.

By being anonymous, your identity is no longer associated with your wallet and your specific transactions.

Through being untraceable, outside parties are prevented from being able to piece together your financial activities.

Privacy coins serve as an innovative financial tool for a person who wants to redeem their right to absolute control of privacy.

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Token Metrics Media LLC is a regular publication of information, analysis and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies.

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