For some people privacy in a cryptocurrency is not necessary. Maybe they publish their bank statements on the internet? Maybe they feel that they don’t need to hide expenses? I don’t know. But if (or actually when) cryptocurrency becomes mainstream, my guess would be that the majority of the people paying with crypto doesn’t want their transaction being discoverable. (Being it for target marketing, scamming or other reasons)

In my personal opinion. Proof Of Work has became obsolete, it was a good way to reach consensus back in the early days but their are more sustainable alternatives at the moment. Coins using this will get a worse rating compared to Proof Of Stake currencies.

Let’s start with the big one:

Monero

Monero

Monero is the king of privacy coins at the moment. It is a Bitcoin fork made with privacy in mind.

Monero doesn’t only hide the addresses of the sender but also the amount of a transaction. Every transaction on the Monero network goes through a stealth address which cannot be linked to the original sender.

Monero uses Proof Of Work and has no plans on changing that.

The average price of a transaction is +-$ 0.37

The relatively high fees and price of transaction does not make Monero a viable future-proof coin.

Zcash

zcash

Zcash is also a Bitcoin fork made with privacy in mind. Zcash gets privacy by encrypting the transaction on the network.

The use for the privacy feature is optional in Zcash

Zcash is rarely used in real transactions and doesn’t have a solid development team behind it.

Zcash is Proof Of Work.

Taking the developers team into account, I don’t see a bright future onward for Zcash.

Dash

Dash

Dash, the coin that promises to be the digital cash. Dash is also a Bitcoin fork but besides offering the same features as Bitcoin, it also offers private and instant transactions.

Dash reaches privacy by using joint payments. Basically gluing transactions together and splitting them up again.

Dash is Proof Of Stake

Dash transactions are Instant, cheap and the network is Proof Of Stake. This all adds up to a good future proof privacy coin.

PIVX

PIVX

Private Instant Verifiable Transactions, that sounds exactly what we want, no?

PIVX is a fork of Dash with a lot of improvements. PIVX was the first PoS coin that implemented a fully private and anonymous way to send coins.

Like Dash, you can spend PIVX public or private. If you don’t even like your coins on the blockchain, you can save them on your USB and load them in when you need them(zPIV)

PIVX is Proof Of Stake

PIVX transactions are Instant, cheap and the network is Proof Of Stake. Considering the improvements made on top of Dash, This would be my guess as winner of “privacy coin of the future”

Do you have any additions?

Please let me know in the comments!