Privacy coins are nothing new in the cryptocurrency space but lately, these unique coins have been gaining traction. When most people say privacy coin, most people automatically think of Monero (XMR). However, there are some new and established Privacy coins emerging on the market that deserve attention. Read on to discover our Top 3 privacy cryptocurrency coins.

Why Privacy Coins? Aren’t They Just Used by Criminals?

Some individuals don’t feel comfortable having transactions recorded publically on the blockchain for everyone to see. I know I wouldn’t feel comfortable if every person that has an account at my bank could see all of my transactions within my checking account – Personally, I’d feel violated. Thus why completely anonymous coins were born. All aspects of transactions on these blockchains are hidden such as transaction, communication, and purchase history.

Here are the top 3 anonymous coins to look out for in 2018:

PIVX (PIVX)

Price: $5.41 USD

Exchanges: UpBit, Bittrex, Binance, Cryptopia, and Livecoin

Algorithm: BTC Core 0.10.x, BIP38 Encryption/Decryption of Private Keys
Block Completion Time: 1 Minute

PIVX was “forked” from the blockchain DASH, which we will cover later in our article. It works similar to DASH, as users are able to run “Master Nodes” in order to support its network. The PIVX community is responsible for governing the future of the currency and currently, the community is excited to roll out the Zerocoin protocol. Currently, its instant transactions are made through the SwiftTX implementation. 2018 looks to be promising for the coin, as an iOS wallet is currently in the works and is pending Apple’s approval and compliance. As well as the launch of zDEX, a decentralized exchange that will give its trading fees to the PIVX master node owners.

For the month, PIVX is down -52.16% but in three months, the coin is up 91.84%. In a year, PIVX has gained a staggering 54,000%.