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Many cryptocurrencies, such as Bitcoin, lack total privacy. Privacy coins are developed to boost the benefits and usefulness of cryptocurrencies by adding a layer of secrecy. They ensure that all transactions are approved by the whole network without exposing the people involved or how much they spent.
There are expected to be 63 different privacy coins accessible for trade. But here are the top five: Monero is the most frequently used privacy coin on the planet for its use of ring signatures and stealth addresses. Dash is the second most well-known for its private sending feature and for being a close relative of the original Bitcoin code. Next up, we have Zcash, which is known for utilizing a concept known as Zero-Knowledge Proof, which is an encryption tool that allows users to trade without disclosing their address.
Another coin that's known for its secrecy is Verge. This volunteer-driven open-source project offers totally anonymous IP addresses, and the transactions are untraceable. Last but not least, we have Bitcoin Private, which supports the zk-SNARKS mechanism from Zcash for total privacy and features quicker block times of two and a half minutes. If you'd like to know more, watch the full video on our channel!

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