BEST PRIVACY COINS OVERVIEW IN 2020

A Detailed Overview Of The Cryptocurrency Coins Available As Of May 2020 Along With Pros And Cons Of Each

Our thanks to Guy over at Coin Bureau for allowing us to repost his excellent video. We have also included the Replies, as many of them have some good info

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The BEST Privacy Coins For Anonymity 🤫

#Crypto #Monero #privacy

The BEST Privacy Coins For Anonymity 🤫

16,861 views•May 24, 2020

Coin Bureau

400K subscribers

🔥 TOP Crypto TIPS In My Newsletter 👉 https://signup.coinbureau.com/newsletter 🗻 Get The Top Deals In Crypto 👉 https://guy.coinbureau.com/deals/ 📲 Coin Bureau Insider Channel 👉 https://t.me/cbinsider 🐦 Follow Our Twitter 👉 https://twitter.com/coinbureau ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⏰ Time Stamps ⏰ 1:23 Why Privacy is Important 3:10 1️⃣ Monero XMR 8:49 2️⃣ Zcoin XZC 13:53 3️⃣ Grin GRIN 18:45 Conclusion ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⛓️ 🔗 Helpful Links 🔗 ⛓️ ► Monero Website: https://web.getmonero.org/ ► Zcoin Website: https://zcoin.io/ ► Grin Website: https://grin.mw/ ► Grin Monetary Dynamics: https://medium.com/@CryptoProfG/grin-… ► ZCoin Minting: https://zcoin.io/how-to-use-zerocoin-… ► Running a Znode: https://zcoin.io/zcoin-znode-setup-gu… ► MimbleWimble Whitepaper: https://github.com/mimblewimble/docs/… ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 🔖 Sources 🔖 ► Zero Knowledge Proofs: https://towardsdatascience.com/what-a… ► Founder’s Fund Ditched: https://cointelegraph.com/news/zcoin-… ► MimbleWimble Attack: https://cointelegraph.com/news/grins-… ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 🤫 Why Privacy is Important 🤫 Bitcoin is *not* private. No one knows who is behind a particular Bitcoin address, but they sure can analyse everything about that address. Through the use of blockchain auditing tools, people can pretty quickly draw up a picture of what a Bitcoin address has been up to. Most blockchains these days are public. They are also censorship resistant which means once a transaction has been sent and timestamped. 1️⃣ Monero 1️⃣ Monero is a Peer to Peer electronic cash that was developed specifically for privacy. Given that their blockchain is completely hidden it means that XMR currency is fungible. Through the use of stealth addresses, users are able to keep their unique Monero address while receiving inward transactions with a one-time public address. This means that you can easily send an address to someone so that they can send a payment. However, no one else will be able to see that the end recipient of the payment is your address thanks to the use of these stealth addresses. Ring signatures allow each transaction to be signed by a collection of other possible signers. Ring CTs hide transaction amounts and make it almost completely private. These privacy features are mandatory for everyone who uses the network. They are not opt-in. All network participants are viewed equal and uphold the privacy for all on the network. It has a pretty strong community of cypher punks and privacy advocates. It’s also community funded and these developers are constantly building new technology that keeps them one step ahead of those looking to break said technology. 2️⃣ Zcoin 2️⃣ Zcoin is a cryptocurrency that was built on the Zerocoin protocol. However, given a number of vulnerabilities in the zerocoin protocol, Zcoin upgraded to a new protocol in July of 2019. This was called ‘Sigma’ and it achieves anonymisation through a process called ‘minting’. Zerocoin also makes use of Zero Knowledge cryptographic proofs in order to sign transactions. Zcoin is also unqiue in that they removed the “trusted setup” which makes it less dependent on a particular event. Zcoin is both a Proof of Work coin using the MTP algorithm but it also has a staking component with its Znodes. 3️⃣ Grin 3️⃣ Grin is a privacy coin that was built on the Mimblewimble protocol. Mimblewimble was a proposal developed that could theoretically increase Bitcoin’s privacy, scalability and fungibility. It basically eliminates Bitcoin’s UTXO model. This is then replaced with a multisignature for all inputs and outputs. These are confidential transactions that use a Pedersen commitment scheme where the parties will share a “blinding factor”. Grin is able so scale mostly with the number of users and minimally with the number of transactions. This results in a large space saving compared to other blockchains. It is a completely open source blockchain that was started with no pre-mine or ICO. There is no founder’s reward at all. Grin is also not controlled by any company or individual and is funded entirely by community donations. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome. #Crypto #Monero #privacy #xmr #grin #mimblewimble #zcoin #xzc

248 Comments

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8 months ago

Hope you guys enjoyed the vid! I’m a big fan of privacy tech in general and many of you have suggested other coins for me to look into! Will be doing that. I am also doing a bit of market research on potential crypto courses. Keen to hear from you guys! Here is a short form and I would love your feedback 🙏🏻 https://docs.google.com/forms/d/e/1FAIpQLScUSNVU3hLqHMBLY80LU8_iQ-d-fD1A0uZqSpcEnat2h0zQmg/viewform

REPLY View 3 replies Mike Vincent 3 months ago“…governments, bankers and theives……but I repeat myself”

REPLY Brad Becker 8 months ago“But why would you need privacy!?” -Big Bruv

REPLY View reply Error 404 8 months ago (edited)Monero: private by default, fungible , decentralized, open source, ASIC resistant and the OG of privacy coins

REPLY View reply Arthur Hall 8 months agoI see Guy I CLICK. Excellent video as always!

REPLY View reply from Coin Bureau prodby Darkside 2 months agoWhen they started to delist Monero and XVG, because of privacy…. I have started buying hahahha, as this means a lot, don’t ya’ll think?

REPLY G D 8 months agoThis guy is so good at explaining stuff, can’t believe only 36k subs !

REPLY View 2 replies from Coin Bureau and others Robbbyg 8 months agoVoyager Token pumping at 12 midnight Sunday Brisbane time , pass it around !:) REPLY Matt Davis 8 months agoLove this guys straight old school English rational explanatory style. No repetition. No bullshit.

REPLY View reply from Coin Bureau busymountain 1 month agoI’d like an update on Verge. They added the 5 algo tech from DGB solving 51% issues.

REPLY Howard O 8 months agoGhost by mcafee is looking very interesting as well as a very small project called Grimm defis

REPLY Guido Tassini 8 months agoCypherpunk mentality all day

REPLY View reply from Coin Bureau Marco Puglisi 8 months agoDon’t miss Ghost guys, by Mcaffe REPLY integr8 NFP 8 months agoNice close in true sync with the title. Once again, thoroughly enjoyed. Lots to learn, and research to get my head around this multiverse. Appreciated, thank you. REPLY Justin Kire 8 months agoNo reason to make a privacy coin video on May 24th without diving into Ghost. REPLY Muz Wot 2 months agoFunny moment at end when Guy can’t tell us which he’s investing in “Bcuz it’s private” … really ought to have seen that one coming! :)) REPLY Filip Marinov 8 months agoCould you do a video on DAPS? It seems like it is an improvement over the previous privacy coins. Here is their website: https://officialdapscoin.com/

REPLY Tim Miller 8 months agoNice touch on $GRIN

REPLY View reply from Coin Bureau mtglondon 8 months agoGreat video again Guy. Thanks for your hard work. Much appreciated ✌️🤘 REPLY View reply from Coin Bureau Cain Wentworth 5 months agoI would love to tell you but its a private coin…. love your sense of humour REPLY Mark_74 8 months agoYou should check Epic Cash as well mate, it’s still a “baby project”, but it has a huge potential! it’s MimbleWimble! EPIC REPLY Wladislav 5 months agoBetter have a look at Pirate Chain – ARRR – z2z only transactions, private by default

REPLY Ren Lucky 8 months agoCan you do Substratum,please?? REPLY Crypto Hawg 8 months agoI was #500…I’m so excited!! LOL…0 REPLY MarcAngeloGaming 8 months agoCould you do a video on 2key crypto, they just collaborated with some and working product REPLY Gus 8 months agoGreat video as usual ! REPLY View reply from Coin Bureau Alain Bureau 8 months agoGreat review as usual. A review of OMG would be appreciated

REPLY View reply from Coin Bureau cryptowiz jamj4life 8 months agoGreat Review …definitely a lot of quality work! Keep it up!

REPLY View reply from Coin Bureau D T 8 months agoHi and thank you very much for your all reviewsU u ARE THE BEST. Can you review ERD ( ELROND) REPLY danvin dsouza 8 months agoThanks For Making This Video Bro! Happy to See my Request Completed 😊 REPLY View 3 replies from Coin Bureau and others Kajoro Bitterthorn 8 months agoGreat video as always! Would love to here your thoughts on John McAfee’s Ghost once it launches this week and gains some steam.

REPLY View reply from Coin Bureau sc li 3 months agoany chance to review the incognitochain project? it looks like it is very interesting idea to wrap every token with privacy features. REPLY Steven Simonovic 8 months agoWhat are your thoughts on Boolberry? REPLY Beer Grin 8 months agoNice talk about grin. That made this video worth my time. REPLY View reply from Coin Bureau FLANGER 8 months agoBeam is really cool as well, but Zcoin is on the way REPLY 1smallball 8 months agoCan you do a video on PNK? REPLY B Rabbit 8 months agoDo you have any thoughts on Pirate Chain ? Seems to be a better alternative than Zcoin

REPLY Twig 8 months agoNice video, fan of Arrr aswell. Its a Zcash fork with 100% privacy. I have the feeling Monero will surprise a lot of people, its ‘soft cap’ of 18mil is almost hit, could imagine some fomo once we get close to that.

REPLY View reply from Coin Bureau Francis Ramos 8 months agoAny thoughts on Safex, a Monero fork with 2 coins (sfx/sft) with a marketplace mainnet scheduled to go live in July? Apparently going to stagenet for GUI this coming week. I’m keeping an eye on it.

REPLY Jafar 8 months agoRegarding Grins vulnerability: Grins Brother Beam claims to have fixed it by spamming the network with fake transactions. REPLY View 2 replies from Coin Bureau and others BULL&BEARISH 8 months agoCoinbase added OXT privacy??