Privacy Coins
By CoinGecko | Updated on Mar 03, 2020
Privacy coins are desgined and developed with the continual focus of transaction privacy and data anonymity in mind. The foremost privacy coins example are Monero and Zcash, though many other coins exists.
Related Terms
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
Double Spending
Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors.
Batch Auction
A Batch Auction distributes an amount of tokens to users that is proportional to their contribution to the pool.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.