Privacy coins are a type of cryptocurrency that aims to improve user anonymity and transaction privacy on blockchain networks. Unlike traditional cryptocurrencies like Bitcoin, which maintain a public log of transactions, privacy coins use advanced cryptographic techniques to conceal sender and receiver identities as well as transaction values. Monero, Zcash, and Dash are examples of privacy coins. By utilizing features such as ring signatures, stealth addresses, and zero-knowledge proofs, these digital currencies aim to promote user secrecy.
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