The hard fork will resolve stealth transaction issues and enhance privacy features.

Privacy coins have an important place in the world of cryptocurrency. They enable the user to move funds without feeling the omnipresence of "Big Brother" breathing down his back.

Many would associate privacy coins with nefarious purposes, but let me be clear here from the start - privacy does not equal criminality. Privacy should be a basic right of every individual. Not only that, privacy also offers greater security to the user in daily transactions. For these reasons, privacy coins have an important role in cryptocurrency.

Verge is accomplishing something very significant with their latest hard fork. Firstly, and less importantly, they are clearing up all stealth transactions, some of which were stuck in the mempool due to some unforeseen issues. More importantly, this hard fork will enable stealth transactions TO and FROM exchanges.

Think about this for a minute.

You buy a privacy coin on an exchange with Bitcoin - Bitcoin is easily traceable. You now make a purchase of a privacy coin on a centralised exchange which tracks the transaction. Later, you send the privacy coin to a wallet - but it is not yet untraceable - not until it has left the exchange - and it is sent to an address that is shared with the exchange. The exchange knows you had the coin and knows you sent it out. Later, you send a privacy coin to the exchange and trade back into Bitcoin to cash out. There are many points of failure in terms of having complete privacy and security in this process.

Verge will create fully stealthed transactions going to an exchange and going out from the exchange. This creates a far greater level of privacy and security. This is a key improvement in the ability to move coins with complete privacy.

As more and more decentralised exchanges develop, privacy will become even greater, to the extent that future stealth transactions with Verge could be virtually undetectable at any stage in the transaction process.

This is true privacy.

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https://news4c.com/verge-is-bitcoins-worst-nightmare/

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