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Privacy Coin
Web3
A cryptocurrency designed to hide more transaction details.
Definition
A privacy coin is a type of cryptocurrency designed to make transactions harder to trace.
In plain English
A cryptocurrency designed to hide more transaction details.
Why this matters
Why it matters: Public blockchains can be very trackable. Privacy coins aim to reduce how easily payments can be linked to people.
Example
Example: Some privacy coins use cryptography so transaction details aren’t fully public.