Cryptocurrencies have come under scrutiny since entering the net in 2009 with Bitcoin. Skeptics often state that they think buying crypto is risky due to its volatility and fluctuating nature. Additionally, security is another element of the critics of crypto, as they believe that decentralization is insecure compared to traditional centralized banking institutions.
Previously, blockchain networks like Axie Infinity were hacked by a fake job posting on LinkedIn by a North Korean group called Lazarus, which deliberately targeted AXIS founder Sky Mavis. Incidents like this further push the narrative that crypto is not something to buy.
However, three blockchain networks thwart this sentiment with their high levels of security: Privatixy Token (PXP), Monero (XMR), and ZCash (ZEC).
Preserve your privacy with Privatixy Token
Privatixy Token (PXP) is an open-source protocol that offers blockchain users a range of privacy-preserving options. Individuals can retain their privacy and control of their assets while having quick access to their identity and other vital data through zero-knowledge evidence.
Privatixy promises to create the most efficient blockchain technology that is both secure and preserves the privacy of its users and transactions. The blockchain network will provide blockchain users with several privacy-preserving alternatives. It also provides smart contracts with well-tested encryption technologies as an alternative to platforms with insufficient privacy and security frameworks. The Privatixy protocol effectively overcomes privacy challenges on the blockchain network and enables seamless engagement throughout the blockchain experience.
Additionally, a DAO system is implemented using the Privatixy Protocol platform. This involves taking care of the decentralized nature of the network, all critical decisions on upgrades and future implementations are made by the Privatixy community.
Web3 is included in the Privatixy protocol. This is often in line with its goal of reaching a wider audience while maintaining the anonymity of users on the blockchain network.
Participate in Monero, the leading crypto for privacy
Monero (XMR) has developed a reputable network due to its features that ensure the privacy of its users. Popular blockchain cryptocurrencies, including Bitcoin and Ethereum, are transparent. Anyone in the world can verify and track transactions. Therefore, the sending and receiving addresses of these transactions could also be linked to real identities.
In contrast, Monero uses a range of privacy protection mechanisms to protect the anonymity of its users. There are no wire transfers or check clearing fees with Monero, no multi-day hold periods, and no fraudulent chargebacks. Monero is decentralized, therefore it is not bound by any single legal authority and provides protection against capital controls.
The Monero project pioneered the privacy and security of cryptocurrencies. Its scientific laboratory and its development team develop new artistic technologies. More than 500 developers from all over the world have contributed to the project since its inception.
Add privacy and convenience to your wallet with ZCash
Zcash (ZEC) could be a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technique, which allows network nodes to validate transactions without disclosing sensitive transaction information.
Contrary to popular belief, popular cryptocurrencies in the market such as Bitcoin are pseudonymous instead of anonymous. Although they do not explicitly reveal the identity of their users, each user contains a public address or addresses that will be traced back to them using data science and blockchain forensics.
In contrast, Zcash transactions must still be routed through a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions do not expose send and receive addresses or the amount transmitted by default. However, it is possible to disclose this data for auditing or regulatory compliance purposes.
Privacy is built into the innards of Zcash, allowing users to send and receive Zcash without revealing the sender, recipient, or transaction amount.
With all cryptocurrencies, security should be an important feature that should be implemented in a blockchain network to keep users’ crypto wallets safe. When it comes to protecting your digital money from hacks, securing your wallet is essential. If users are looking for a secure crypto network that protects your private information, consider purchasing Privatixy Token, Monero, and ZCash.
Check out more information about Privatixy Token (PXP) below:
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