Hello Everyone

Hope everybody is well. Today i will share Advantage & Disadvantage of Privacy Coin in Tron Fan Club Community. I love and like to share what I know with everyone. So today I will share as much as I know about Privacy Coin.

By @aniksikder.png

The Privacy Coin

This transparency, we can often stand as a threat to our personal security, because it is decentralized and privacy cannot be maintained because everything is open. Since if I make a transaction it can be seen by anyone from any country in the world and no information can be hidden. But we always try to keep our crypto assets confidential and secure.

And so another new technology of cryptocurrency is called privacy coin. And because of this privacy, people's interest in this privacy coin is growing day by day. This privacy coin gives a user the privilege of transacting in complete confidentiality. Many privacy coins can now be found in the crypto market and users tend to be neighbors of these privacy coins because they can transact their crypto assets in complete confidentiality.

Advantage & Disadvantage of Privacy Coin

Now we've been learning about cryptocurrency and privacy coins for so long. Inside the cryptocurrency, the privacy coin is a part of the hall. So at this stage we will talk a little bit about the advantages and disadvantages of these privacy coins.

Advantage

Allows the user to transact with privacy, Much more secure because the transaction is confidential.

Disadvantage

Because it is Privacy coin, It can be used in many illegal works.

Cryptocurrencies can be of two types, tokens and coins. To create coins you must have your own blockchain, and tokens can be created based on the existing blockchain. We see in different types of cryptocurrency markets, this cryptocurrency a user can transact very faithfully and no one here can keep any transaction confidential. I will come up with something new in the next post. Today I am saying goodbye.