Anonymity Cryptocurrency

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by Ritysayo, Jun 18, 2017.

Anonymity Cryptocurrency
  1. Unread #1 - Jun 18, 2017 at 12:13 AM
  2. Ritysayo
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    Anonymity Cryptocurrency

    There are many different versions of cryptocurrency, and one of my favorite is privacy coins. It is not about using coins for illegal activity, but it is about protecting your identity in the current technological era.

    Most of my invested money is in Verge and Cloak. They are both very interesting to me for different reasons. Verge has an approach that keeps ledgers in place for retailers, but protects the location of individual users by removing their IP address from being queried. The ledger will hold a bunch of 127.0.0.1 addresses, which is just the local IP address. Cloak is very similar to Monero, except they have superior technology by facilitating transfers with an "ENIGMA" method.

    Both coins have great developer involvement in the community that assist determine their paths. I believe they both can flourish during the next year. I am consistently researching cryptocurrency that provide better methods for anonymity, so feel free to recommend a few to me.

    I was motivated to create this thread after watching a YouTube video between the lead developer for Verge, Macroeconomic Analyst for PIVX, and the Host of PIVXpress. The lead developer for Verge, Sunerok, seems like a very intelligent guy and had great responses to the questions asked during the interview. On the other hand, I feel like the PIVX guys are trying to hype their coin through marketing strategies. They have an interesting approach for helping people transfer money around the globe using their currency, but I am not sold on their anonymity.

     
    Last edited: Jun 18, 2017
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