Post
Topic
Board Altcoin Discussion
Topic OP
The fate of privacy cryptocurrencies
by
Oshosondy
on 02/01/2021, 22:23:28 UTC
In this regard, privacy coins are coins that can not be tracked, unlike bitcoin which have a transparent ledger called blockchain which allows each bitcoin transaction to be tracked using address for example, privacy coins can not be tracked, sending such coins from one address to another can not be traced. Because of this it is said that these coins can be used to launder money and also can be used by terrorists in financing their missions. There are now threats that privacy coins like monero, dash and zcash will be delisted from exchanges as some exchanges have being delisted these coins already too, also that there are possible threats from governments to make sure such cryptocurrencies will no longer be existing.

What is the fate of privacy coins? I am thinking these type of coins will find it difficult and can later all vanish and exist no more.