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Crypto Grizz

BEST PRIVACY COINS OVERVIEW IN 2020

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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BEST PRIVACY COINS OVERVIEW IN 2020

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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

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

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
 

9

 
 
 
Mike Vincent
“…governments, bankers and theives……but I repeat myself”
 

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Brad Becker
“But why would you need privacy!?” -Big Bruv
 

17

 
 
Error 404
Monero: private by default, fungible , decentralized, open source, ASIC resistant and the OG of privacy coins
 

34

 
 
Arthur Hall
I see Guy I CLICK. Excellent video as always!
 

11

 
 
prodby Darkside
When 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?
 

5

 
 
 
G D
This guy is so good at explaining stuff, can’t believe only 36k subs !
 
 
Robbbyg
Voyager Token pumping at 12 midnight Sunday Brisbane time , pass it around !:)
 
 
 
 
Matt Davis
Love this guys straight old school English rational explanatory style. No repetition. No bullshit.
 
 
busymountain
I’d like an update on Verge. They added the 5 algo tech from DGB solving 51% issues.
 

1

 
 
 
Howard O
Ghost by mcafee is looking very interesting as well as a very small project called Grimm defis
 

5

 
 
 
Guido Tassini
Cypherpunk mentality all day
 
 
Marco Puglisi
Don’t miss Ghost guys, by Mcaffe
 
 
 
 
integr8 NFP
Nice 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.
 
 
 
 
Justin Kire
No reason to make a privacy coin video on May 24th without diving into Ghost.
 
 
 
 
Muz Wot
Funny 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! :))
 
 
 
 
Filip Marinov
Could 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/
 

4

 
 
 
Tim Miller
Nice touch on $GRIN
 
 
mtglondon
Great video again Guy. Thanks for your hard work. Much appreciated ✌️🤘
 
 
Cain Wentworth
I would love to tell you but its a private coin…. love your sense of humour
 
 
 
 
Mark_74
You should check Epic Cash as well mate, it’s still a “baby project”, but it has a huge potential! it’s MimbleWimble! EPIC
 
 
 
 
Wladislav
Better have a look at Pirate Chain – ARRR – z2z only transactions, private by default
 

1

 
 
 
Ren Lucky
Can you do Substratum,please??
 
 
 
 
Crypto Hawg
I was #500…I’m so excited!! LOL…0
 
 
 
 
MarcAngeloGaming
Could you do a video on 2key crypto, they just collaborated with some and working product
 
 
 
 
Gus
Great video as usual !
 
 
Alain Bureau
Great review as usual. A review of OMG would be appreciated
 
 
cryptowiz jamj4life
Great Review …definitely a lot of quality work! Keep it up!
 
 
D T
Hi and thank you very much for your all reviewsU u ARE THE BEST. Can you review ERD ( ELROND)
 
 
 
 
danvin dsouza
Thanks For Making This Video Bro! Happy to See my Request Completed 😊
 
 
Kajoro Bitterthorn
Great video as always! Would love to here your thoughts on John McAfee’s Ghost once it launches this week and gains some steam.
 
 
sc li
any chance to review the incognitochain project? it looks like it is very interesting idea to wrap every token with privacy features.
 
 
 
 
Steven Simonovic
What are your thoughts on Boolberry?
 
 
 
 
Beer Grin
Nice talk about grin. That made this video worth my time.
 
 
FLANGER
Beam is really cool as well, but Zcoin is on the way
 
 
1smallball
Can you do a video on PNK?
 
 
 
 
B Rabbit
Do you have any thoughts on Pirate Chain ? Seems to be a better alternative than Zcoin
 

1

 
 
 
Twig
Nice 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.
 
 
Francis Ramos
Any 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.
 

1

 
 
 
Jafar
Regarding Grins vulnerability: Grins Brother Beam claims to have fixed it by spamming the network with fake transactions.
 
 
BULL&BEARISH
Coinbase added OXT privacy??
 

1

BEST PRIVACY COINS OVERVIEW IN 2020

 
BEST PRIVACY COINS OVERVIEW IN 2020