What is a private cryptocurrency

[romero121]

Any cryptocurrency is termed to be private based on the privacy it provide through the network. Every cryptocurrency have the distributed ledger and everything on the network have transparency. With this it is possible to view the wallets and the transactions happening through it.

With private cryptocurrencies several measures were made to mask this information. This makes the wallet details and the transactions hidden from the public. This allow users higher level of piracy than other cryptocurrencies.

Private cryptocurrencies based on the privacy at present are listed below

Monero
Zcash
Decred
Horizen
Oasis Network
Secret
Flux
Verge
Status
iExec
Mobilecoin
Keep Network
Pirate chain
Dero
Phala Network
Haven Protocol
Dusk Network
Firo
Veruscoin
Bytecoin
Beam
Apollo currency
Pivx
Super zero Protocol
Oxen
Grin
Vertcoin
Epic Cash
Zano
Suterusu
Navcoin
Particl
Offshift
Bitcoin private
Wownero
Raze Network
Aeon
Turtle Coin
Crypton
Conceal
Lpn Token

[nagaraj_hubli]

The governments around the world are trying to give a different meaning to the term "private cryptocurrency". As per them, any cryptocurrency that they have not issued would be considered a private cryptocurrency, and that would include Bitcoin as well. Only CBDCs would be considered as public cryptocurrency.

I know it sounds weird, and breaks the semantics completely.

[joniboini]

It doesn't sound that weird to be honest, it's just that the term "private" can be used in various ways. The op is more or less talking about privacy focused crypto currency, while the government you mentioned views it in the public vs private company. Which one is right? Depends on the context I guess. Most of the time privacy-focused cryptocurrency is used to describe what OP talk about instead of "private crypto", afaik.

[cryptomaniac_xxx]

It doesn't sound that weird to be honest, it's just that the term "private" can be used in various ways. The op is more or less talking about privacy focused crypto currency, while the government you mentioned views it in the public vs private company. Which one is right? Depends on the context I guess. Most of the time privacy-focused cryptocurrency is used to describe what OP talk about instead of "private crypto", afaik.

True, but we all know that US SEC is hard pressed to break Monero's privacy-centric algorithm isn't it?

https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=46a70db685cc

So it's not public vs private but a whole new game for SEC and other regulators because they think that this privacy coins are going to be used by criminals to hide their wealth or other entities who wants to get away from the prying eyes of regulators.

[Doell]

non-transparent network privacy coin ,look at the list it turns out a lot ! I only partially know ,instead of money laundering on there are some traders who benefit when trading on such private coin ,but more a lot people lose  ! are they worth it for us? thanks for information

[tyz]

True, but we all know that US SEC is hard pressed to break Monero's privacy-centric algorithm isn't it?

https://www.forbes.com/sites/kellyphillipserb/2020/09/14/irs-will-pay-up-to-625000-if-you-can-crack-monero-other-privacy-coins/?sh=46a70db685cc

So it's not public vs private but a whole new game for SEC and other regulators because they think that this privacy coins are going to be used by criminals to hide their wealth or other entities who wants to get away from the prying eyes of regulators.

Even if they should manage to crack it, there are now further developments that would simply have to be implemented, and privacy and anonymity would be guaranteed again. There are also now other projects, such as PirateChain, which pursue different approaches than Monero and are considered more secure. It will always remain a cat and mouse game.