The Rise of Privacy Coins The most well-known cryptocurrencies, such as Bitcoin and Ethereum, have immutable and transparent blockchains that allow BTC and ETH transactions to be visible to anyone in the world. It is also possible in some incidences to trace a person’s identity off-screen by investigating the sending and receiving addresses for those transactions. This has led to a rise in popularity of the cryptocurrencies dubbed privacy coins.
A lack of regulation and transparency in the digital asset sphere has been cited as deterrent for institutional adoption of crypto, but this reticence is now receding with the emergence of trusted next-generation exchanges that place market integrity at their core.
Bitcoin was born out of the 2008 financial crisis, but until COVID it had never actually been through one. It remains to be seen if peer-to-peer financial models will stand up to the test that they were designed to pass.