10 Best Privacy Coins in 2022

Some privacy coins made a big purchase in 2021, but are they still your best bet in 2022? In this article, we are going to find out which privacy coins have stayed ahead and highlighted the new ones in terms of functionality and usage.

So, if you are looking for the best privacy coins to support private and anonymous transactions on the blockchain, then sit back and explore the 10 best privacy coins available for purchase in 2022.

1.1 Currency (XMR)

Monero is an open source ledger that supports censorship-resistant private transactions. It was launched in April 2014 with the primary objective of enhancing transaction privacy and ensuring maximum confidentiality. Monero uses ring signatures and stealth addresses to ensure the privacy of your network. It works with a proof of work model which adds new blocks every two minutes.

Today, the network’s original coin, XMR, is valued at $219.77. Currently, more than 18 million xmr are traded and have a market capitalization of $3 billion. It is down 59.5% from A$542.33 in January 2018. It is currently used on Binance, KuCoin, Digigifinex and more.

2.2. Zcash (ZEC)

Zcash is an open source peer-to-peer electronic currency that supports transaction privacy and selective transparency. Launched by Zooko Wilcox in October 2016, ZEC uses the Equihash algorithm to validate transactions and create new ZECs. ZEC is a token for Zcash and can be found on MEXC Global, Coinbase Exchange, Kraken, and more.

Currently, one ZEC is priced at $143.05. Like BTC, only 21 million Zeck will be mined. However, there are currently 12 million people in circulation. Zcash has a market capitalization of $1 billion. Its peak in October 2016 was $3191.93.

3.3 Horizon (Zain)

Horizen is a private, secure, scalable and reliable network. It uses a unique side chain protocol called Zendoo.

Zendoo allows users to create blockchains or dApps on the network. Horizen works with the Proof of Work algorithm. Use the zk-SNARK strategy. ZEN, a native currency, has two titles, a T title (plain title) and a Z title (shield title).

Of the total supply of 21 million, there are currently 12 million zen in circulation. Today, ZEN has a price tag of $55.65 and a market capitalization of $666 million. It is currently listed on Binance, OKEx, and KuCoin.

4.4 dusk network (dusk)

Dusk Network is a first-class privacy blockchain for securities and financial applications. Promote secret security contracts (XSCs) and support private smart contracts. The network is protected by a consensus mechanism of the Separate Byzantine Agreement (SBA). This makes it private, programmable, and auditable.

DUSK is a network utility token. It can be used to pay for gas, deploy smart contracts, and participate in governance. Currently, over 388 million dusks are in circulation, with a maximum width of 1 billion. DUSK is worth $1.00 today and has a market capitalization of $388 million.

5.5 Edge (XVG)

Verge launched in October 2014 as an untraceable network. Originally named DogeCoinDark, it became Verge in 2016. I use Onion Router (TOR) and Invisible Internet Project (I2P) to keep transactions private. Tor protects the user’s identity and I2P encrypts user data.

The Verge uses stealth addresses to hide the user’s address. Use the Proof of Work form to mine new coins (XVG). Of the total supply of 16.6 billion, 16.5 billion have already been mined. As of today, XVG is priced at $0.014 and has a market capitalization of $231 million.

6.6. beam (beam)

Beam was launched in January 2019 as a private network that supports sensitive DeFi. It uses the Mimble Wimble and Lelantus MW protocols. The blockchain uses a Proof of Work consensus algorithm. The MimbleWimble protocol hides transaction values ​​and metadata, and the Lelantus MW protocol enhances its privacy and anonymity.

BEAM is a network token. This is a deflation symbol that halves every four years. You can find it on exchanges like Binance, MEXC Global, and Hotbit. It is currently worth $0.46 and has a market capitalization of $49 million. The total supply is 262.8 million, and 105.7 million are currently being supplied.

7. Oasis Network (Rose)

Oasis Network was launched in 2018 by Dawn Song and Oasis Labs. This is a Layer 1 blockchain that promises privacy, low gas rates, scalability, and monetization of tokens. Uses Proof Betting Algorithm. There is a consensus layer and a ParaTime layer to help with scalability.

Designed for open finance and data economics using the Cosmos SDK. ROSE, a native currency, was launched in November 2020. It is used for gas tariff settlement, accommodation, and authorization at the consensus layer.

ROSE is available on Nominex, Binance, KuCoin, ZT, and more. It is currently trading at $0.536. It has a market capitalization of $1 billion and a current turnover of $3.5 billion.

8.8 PIVX (PIVX)

PIVX stands for Verified Instant Private Transaction. This is a DASH fork released in January 2016. It works on the Proof of Stake model and uses the Sapling protocol to support both secured and unprotected transactions. It prides itself on privacy, actual use, governance, and interchangeability.

The token, PIVX, supports private, public, and cold storage. The current price is $0.46 and the market capitalization is $31 million. In January 2018, it peaked at $13.55. It is listed on Bittrex, Binance, KuCoin, and more.

9.9 Super Zero Protocol (SERO)

SERO is the first privacy blockchain to support a Turing smart contract. The protocol is protected by Super-zk, which is 20 times faster than zk-SNARK. It is also the first privacy protection platform that enables the issuance of anonymous digital assets.

The local currency SERO was released in June 2019. It is used to pay gas fees, reward miners, and pay. It has a market capitalization of $37 million and is listed on MEXC Global, CoinEX, and Hotbit. The total supply is 650 million and the value today is $0.11.

10.10. FIRO

Firo was initially launched as Zcoin in September 2016, but later became Firo in October 2020. It uses the Sigma, Dandelion, and Lelantus protocols. The platform uses a combination of Proof of Work and LLMQ Chain Lock System. Use zk proof to ensure your complete anonymity.

FIRO is the platform’s native currency. As of today, it costs $4.49 and is traded on Binance, Huobi, MEXC Global, and more. ATH reached $139.77 in December 2017. The market capitalization is $57.7 million.

Please note that privacy coins are more scrutinized when compared to other cryptocurrencies. So, if you invest in it, make sure that it does not violate the regulations of your country. As always, act wisely and do your research. Invest only money that you can afford to lose.

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