Whether we like it or not, most of our private information can easily be found online by almost anybody. Mega Internet corporations like Facebook, Apple, Google, Microsoft and others know everything about us. Sometimes, even more than we know about ourselves. How is that possible? Because they have special teams that study our online behavior, where we click, what we type, who we become friends with, the pages we like, etc.
Have you ever wondered what these mega tech companies do with your private information? It's usually one or more of the following:
- Sell your private data and info to interested 3rd parties.
- Give out your private information to advertisers to provide them with better targeting.
- Hand over your private information to governments or tax agencies If asked for it
Basically, they have a second key to your house – and If not, they will usually have a back door to it.
There is no such thing as privacy on the Internet
As more and more people get into the crypto-ecosphere and make more than enough money to pay off their debts, buy lambos 🚘, and rely on digital currencies to do their day-to-day payments.
World governments and central banks will not be happy about this (as they'll no longer have a key to your house) and they'll do whatever they can to STOP people from investing and using these crypto-currencies.
When this happens --- truly anonymous, private, and decentralized crypto-currencies will skyrocket to the moon as more and more crypto-enthusiasts and rich people will realize that privacy-focused coins are the new safe haven to store and invest their money in with no central authority.
The Top Anonymity-Centric Coins
If It's on the Internet, It's not private
Well, not anymore...
There are a lot of coins in the crypto-ecosystem that claim to be private, anonymous, and even untraceable – such as Dash, Zcash, PIVX, and others.
But in reality, we all that Monero (XMR) and Verge (XVG) are arguably more private and anonymous than other digital currencies. Both of their communities debate on which one is more anonymous and private.
Monero – secure, private, and untraceable
Monero (XMR) is working on implementing a so-called Kovri project to integrate the i2P anonymous network into it's code... Most people don't know this but the #WannaCry hackers quickly rushed into converting their Bitcoin into Monero (because it's 10X more anonymous than BTC).And also, some very wealthy individuals around the world are already using Monero (XMR) to safely store and transact their money with total privacy instead of using central Swiss bank accounts and Panama papers.
Monero is the most well-known ''privacy-focused'' crypto-currency out there --- perhaps due to it's bigger market capitalization, price, and trading volume. There is no doubt about it, Monero's privacy technology is superior to that of other crypto-currencies as most transactions on the XMR network are private by default. There is no way to find out transaction amounts, sender identity, or receiver identity.
Verge – secure and anonymous cryptocurrency, built with a focus on privacy
Verge (XVG) strives to become the world's most anonymous crypto-currency as they already use one of the Internet's most anonymous and privacy-centric networks Tor and i2P. As well as their own invention --- the blackhole technology. Which basically means that your IP address is shielded during transactions.
So which one is more anonymous?
As of this moment, Verge (XVG) is clearly the winner! As they already use the I2P network to hide and obfuscate their users' IP addresses (something that XMR doesn't have currently, but their planning to develop that in the future by using the Kovri project).
Here are some of the main advantages of using Verge (XVG):
- Complete anonymity and privacy (Tor and I2P)
- Decentralized and open-source
- One of the most supportive communities in the crypto space
- Active dev team
- Ultra-fast transactions (~ 5 seconds)
- Secure Tor and I2P wallets
- RSK Smart Contracts (soon)
Finally, I will just leave this here...
