The aims for anonymity and untraceability are the mutual goals of all privacy coins that can most clearly be discovered. Anonymity is one of the core principles behind a privacy coin because it obscures the identity of a person behind a transaction, while untraceability does not allow for third parties to track the trail of transactions on the blockchain. Different techniques were used by each coin to achieve these core values.
Privacy Coin | Strategies Used |
|---|---|
Monero | Stealth addresses Ring signatures RingCTs Transactions over Tor Dandelion++ |
Zcash | Zk-snarks Shielded transactions Viewing keys Multisignature transactions |
Dash | CoinJoin PrivateSend InstandSend Chainlocks Masternodes Network |
Beam | MimbleWimble protocol Atomic Swaps Confidential Assets Confidential Transactions |
PIVX | Zk-snarks Viewing Keys PoS Mechanism |