What is privacy coins?

[Min George]

I have been hearing of a new concept in the crypto world and that is privacy coins. I would love to know in more details what privacy coins are and what they are particularly used for?

And I would also love to know examples of some privacy coins and the blockchains they run in.

 

[King Belieal]

Monero and Dash are the popular privacy coins. With those kinds of crypto, the sender and receiver are completely hidden.

 

[Suba]

Privacy coin is a type of crypto that can hide the user's crypto address, transactions and the amount of crypto transacted. Some well-known privacy coins such as Dash, Monero, Zcash, PIVX, Verge etc. each privacy coin uses different features/technologies such as Coin join, Snarks, ring signatures etc.