@ChrissCrypto 10 April 2020 more from that month

Blockchain and Crypto are Changing the Financial and Commercial Landscape More Rapidly Than We Think

**Cryptocurrency took the financial world by storm as it paved the way for the next generation of digital/virtual currency. Banks and companies have taken advantage of this new kind of currency to give people the option for a different way to transact. A cryptocurrency can be either private or public. However, there is a fine line between the two which we are going to tackle below.**    **It is not as “private” as you think** **Cryptocurrency is a blockchain type of technology** that offers anonymity by allowing users to transact using pseudonyms. However, just because it allows **users to operate under a different identity doesn’t mean it is already private**. **Bitcoin, which is a type of cryptocurrency**, can still be tracked just like other cryptocurrency options in the market. **Things like address and transaction amount can be easily traced**. And if you are unfortunate enough, someone might leak it to the public without your consent.   **Public Cryptocurrency Tokens** Here are some examples of a public cryptocurrency tokens/coins: **Bitcoin** **This one is the most popular cryptocurrency** option to date. You probably heard about bitcoin by now, especially from ads that suddenly pop up on some websites. Select banks also utilize bitcoin depending on where you live. **Although it offers pseudonymity**, transactions and addresses are still trackable which makes it not truly private. **Bitcoin has its own share of disadvantages too, such as slow transaction speeds and scalability issues**. **Litecoin** **Litecoin existed for the sole purpose of fixing bitcoin’s issues** that are mentioned above. Litecoin is a breath of fresh air compared to bitcoin’s daunting transaction times and lackluster scalability efficiency. It is a slight improvement to Bitcoin, especially when it comes to scalability. **But privacy is still an issue since it’s a public type of cryptocurrency**.   **Private cryptocurrency tokens** Here are some cryptocurrency examples that offer true privacy: **Particl** **When it comes to privacy, there’s no other name than Particl**. It is built from the latest version of Bitcoin but offers robust privacy features such as untraceable transactions and unlinkable amounts. **It gives users control over their own security compared to Bitcoin**. Particl is also versatile because it allows users to use it as a public token or a private one without compromising their security. **ZCash** What to love about **ZCash is that it automatically erases transaction history once the process is done**. That means **you are leaving no trace behind**, making it impossible for everyone to get their hands on your transactions. **ZCash utilizes a cryptographic technology called “zk-SNARKs”** to achieve this **level of anonymity which provides users the privacy they deserve**.   **Final Verdict** ***Public cryptocurrency may have gained its spot under the limelight, but it’s time to give private cryptocurrencies a chance too. The privacy it offers is miles apart from popular cryptocurrency options such as Bitcoin.*** ***And just because it is the talk of the town doesn’t mean you have to hop into the bandwagon as well. Your privacy matters even on things such as cryptocurrencies.***     If you're looking for **general information about cryptocurrency, crypto news, tips, guides, strategies, fintech, new technologies, trading space, crypto investments** and many more? **MyCointainer Insight** is the place to go. Visit **MyCointainer Platform** also feel free to sign up for our **Community** so we can make impact together. https://www.mycointainer.com/insight https://www.mycointainer.com/?partner=x8nxdVXGRPurgr3G13qK https://www.mycointainer.com/community/ **Take the control of your passive income now**, and opt for **MyCointainer's Power Plan**, to **earn 100% revenue on all your crypto staked**. https://www.mycointainer.com/power/x8nxdVXGRPurgr3G13qK   *Follow* ***MyCointainer*** *on* ***Twitter*** *or* ***Instagram*** *and check out our* ***Telegram*** *channel.* https://www.mycointainer.com/?partner=x8nxdVXGRPurgr3G13qK https://twitter.com/MyCointainerCom https://www.instagram.com/mycointainer_com/ https://t.me/mycointainer **MyCointainer community** **and I remain at your service if you have any questions** https://www.mycointainer.com/?partner=x8nxdVXGRPurgr3G13qK   See you soon Christophe WILHELM **https://www.mycointainer.com**   I am currently under contract with **MyCointainer**, which gives me the rights to publish, republish, on their behalf and add content to articles first posted to **MyCointainer Insight**. If you have any questions, or if you believe there is copyright infringement, please contact **MyCointainer**  directly: **contact@mycointainer.com**. https://www.mycointainer.com/?partner=x8nxdVXGRPurgr3G13qK https://www.mycointainer.com/insight Source: **Blockchain & Crypto** https://www.mycointainer.com/insight/blockchain-and-crypto-are-changing-the-financial-and-commercial-landscape-more-rapidly-than-we-think/ Credits photo: **https://www.mycointainer.com/** Resources https://www.mycointainer.com https://www.mycointainer.com/insight