Privacy and anonymity on the Internet, especially in financial transactions, is something we all hold very dear. This is why we cherish all the companies and organizations out there that help us achieve a satisfactory level of privacy without sacrificing usability. Blockchain-based platforms are no different, as the world is becoming increasingly decentralized.
Here are 10 privacy coins we believe are going to be big in 2019:
1. Monero (XMR)
Monero (XMR) is an open-source, privacy-oriented token launched in April 2014. Leveraging ring signature and stealth addresses to obscure the identity of senders and recipients, Monero has enjoyed a steady increase in its adoption and is now considered as one of the most secure and anonymous privacy coins in the market. We predict its rise in popularity will continue in 2019.
- Website: https://www.getmonero.org/
2. Komodo (KMD)
Komodo (KMD) is a development platform and exchange that boasts with built-in privacy functions. Starting out as one of the only exchange platforms to allow atomic token swaps, Komodo is now planning to launch the Komodo 2.0 platform with cross-chain smart contracts, UTXO-based smart contracts, and delayed PoW security services. This should give them an extra boost for 2019.
- Website: https://komodoplatform.com/
- Review: https://tokeninvestoronline.com/komodo-kmd-the-all-in-one-platform/
3. Horizen (ZEN)
Horizen (ZEN) was launched as ZenCash in 2017, of a fork of Zclassic, which itself was a fork of Zcash. Nevertheless, Horizen’s goal is to rise beyond just an anonymous payment currency. They also want to offer end-to-end encrypted messaging and privacy-focused applications. According to the announcement of Horizen president Robert Viglione, the privacy-focused token has transformed into a much broader and deeply capable platform that will host a variety of privacy-focused applications, including secure messaging and publishing. Their optimism and innovation make us believe there’s a lot in store for them in 2019.
- Website: https://horizen.global/
4. Particl (PART)
Particl (PART) is an open-source, decentralized privacy platform built for global person-to-person e-commerce. Particl allows its users to buy or sell anything, just like on eBay, Etsy, or Amazon, with the exception of all transaction data, payments, and conversations carried over a self-governed, distributed network instead of a central server. Particl is potentially better than its competitors in the fact that it is a DApp equipped with a P2P encrypted messaging platform, stealth address, dual token system, ring signatures, automatic use of Tor hidden services, disabled wallet transaction broadcast, and confidential transactions. PART is also a PoS (Proof-of-Stake) coin which generates passive income for anyone holding it in order to secure the network. All these features are what give Particl an excellent potential in the years to come.
- Website: https://particl.io/
5. Dash (DASH)
Dash (DASH) was originally called XCoin and then Darkcoin. It started out as a platform for providing instant, private transactions at a low cost. It became Dash in early 2015 and is run on an autonomous decentralized organization (DAO) using the masternode voting protocol to provide consensus on how the DAO’s funds are to be used to push the project forward. This makes the transactions very quick which is why Dash is such a great solution for point of sale transactions. We predict its upward spiral will continue in 2019.
- Website: https://www.dash.org/
6. PIVX (zPIV)
PIVX (zPIV) stands for Private Instant Verified Transactions and is a privacy-focused digital token launched in 2016. It is a code fork of Dash. Utilizing a Zerocoin protocol to provide anonymity in financial transactions, PIVX uses its zPIV sub-currency. Given its popularity because of their community orientation and PoS mechanism which allows passive income, we’re bound to see more of PIVX in the new year.
- Website: https://pivx.org/
7. Bitcoin Private (BTCP)
Bitcoin Private (BTCP) is a merge fork of Bitcoin and Zclassic and was launched in March 2018. BTCP is a decentralized, open-source, fast, community-oriented, and private platform which combines the best of two worlds. It uses Zcash’s zk-SNARKS cryptography to provide financial privacy to its users, as well as Bitcoin’s decentralized nature, eliminating the need for the middleman in transactions. The network nodes use cryptography to provide validations for all transactions and record them to the public blockchain ledger. 2019 should be the year for Bitcoin Private as it not only takes the best features of Bitcoin, it also builds upon them, providing larger block size and more speed and security, while retaining the anonymity.
- Website: https://btcprivate.org/
8. Verge (XVG)
Verge (XVG) is an open-source, community-led, privacy-focused token with a goal to keep transactions anonymous and untraceable while allowing for high traffic and fast confirmation times. Originating as DogeCoinDark in 2014, in February 2016 Verge decided to distance themselves from the Doge meme and the dark connotation, thus rebranding themselves into Verge. The platform uses multiple anonymity-centric networks such as TOR and I2P and the users’ IP addresses are fully obfuscated. Its Core QT wallet comes built-in TOR integration as well as SSL encryption which adds an extra level of security. Verge was one of the most talked about cryptocurrencies in 2018 when it started its climb to stardom. After surviving a series of hacker attacks, Verge bounced back and is destined to reach success in 2019 as well, as it sails into more peaceful industry waters.
- Website: https://vergecurrency.com/
9. Zcash (ZEC)
Zcash (ZEC) is publicly encrypted blockchain which uses the Zerocoin protocol and zero-knowledge proof cryptography called zk-SNARKS to provide financial privacy to its users, allowing them to hide information about the sender, recipient, and transaction amount. Although many people criticize them over the so-called “miner’s tax”, the 20% that goes to the Zcash team, they have established themselves as one of the leading coins in the market.
- Website: https://z.cash/
10. ZCoin (XZC)
Launched in 2016, ZCoin (XZC) is an anonymity coin that uses the Zerocoin protocol and Tor integration to provide full transaction privacy and anonymity for its users, while retaining usability and the auditability of its coin supply. Zcoin was the first digital token to use the Zerocoin protocol and it aims to establish itself as a provider of anonymous transactions, fungibility, and decentralization of mining. ZCoin enables spending without any transaction history or link to the individual’s identity. This means it provides a higher level of privacy in comparison to Bitcoin, where the individual’s address is transparent. All things considered, ZCoin promises excellent results in the years to follow.
- Website: https://zcoin.io/
By Sead Fadilpasic