While all the investigated cryptocurrencies shared the same goals of confidentiality, decentralization, and untraceability, each coin possessed a unique characteristic to differentiate itself from similar cryptocurrencies. A summarization of the unique selling points of each privacy coin can be found in the table below.
Privacy Coin | Unique Selling Point |
|---|---|
Monero | Highest level of anonymity and untraceability for users out of all privacy coins |
Zcash | Transactional flexibility that allows for more transparency when needed |
Dash | Optional privacy with more efficient and cheaper transactions than other privacy coins |
Beam | Confidentiality with more scalability potential than other privacy coins |
PIVX | Community-based governmental system and staking rewards instead of mining rewards |
Monero prioritizes maximum confidentiality, while Zcash and Dash provide users with flexibility between private and transparent transactions. Beam strives for maximum scalability and PIVX embodies unique governance and staking rewards systems.