Privacy coins are cryptocurrencies (or cryptocurrency projects) designed to ensure anonymous transactions. Their focus is on user privacy; typically, privacy coins therefore do not store user data.

Examples of privacy coins are Monero and ZCash.

Similar terms

Stable Coin

Stable coins are cryptocurrencies that digitally represent a stable (underlying) value and guarantee value parity.

Bitcoin Transaction

In a Bitcoin transaction, Bitcoin values are transferred from one wallet to another. The transfer is secured by digital signatures and is stored in the Bitcoin network (blockchain), where it is transparently visible to all users (and remains visible

Initial Coin Offering (ICO)

ICOs are primarily used to release new cryptocurrencies onto the market and to realize initial corporate financing. Increasingly, ICOs are also being used to finance projects.