Privacy Coins are cryptocurrencies focused on providing private transactions.
Privacy coins are a subcategory of cryptocurrency that focus on providing private and untraceable transactions. They use various cryptographic techniques to ensure the anonymity of users and the privacy of transaction data. Some of the most well-known privacy coins include Monero (XMR), Zcash (ZEC), and Dash (DASH). While they provide an important service for those concerned with privacy, they have also been controversial because of their potential use for illegal activities.
Monero (XMR) is a popular privacy coin that obscures the identity of the sender and receiver in a transaction.