WHAT ARE THE MOST SECURE CRYPTOCURRENCIES, AND ARE THEY REALLY PRIVATE

[Davi2118]

Security can be measured in a number of ways, but in the crypto space, it isn’t usually viewed from a lens of privacy. Most people have an assumption that Bitcoin and other cryptocurrencies have a high level of privacy, especially in comparison to traditional financial transactions. However, due to the nature of public ledgers on the blockchain, every single transaction is available to view. This has even helped law enforcement to track down illegal activities and exchanges which have been hacked.

From the standpoint of cryptography, Bitcoin is very secure and extremely hard for someone to hack. The record of transactions cannot be changed, and this is what makes Bitcoin incredibly secure. But, since these records can be viewed by everyone, Bitcoin is definitely not the most private cryptocurrency out there.

Because of these, other crypto assets have been created that intend to provide a greater level of privacy. They hide transactions so that they aren’t in public view, and this means payments become impossible for anyone to trace. It is true that these cryptocurrencies can be used for illegal dealings, but the vast majority of transactions will be for regular purposes, and people want this feature simply because they want their privacy to remain protected.

Let’s take a look at which cryptocurrencies are the most secure from a privacy standpoint and explore some of the drawbacks that come with them.

 

[Sotherefore]

well since bitcoins is the first cryptocurrency I'll consider it as one of the most secured cryptocurrency and is also one of the most trusted with the highest trading volume, there are a lot of them that are coming up to compete with bitcoins example is the binance smart chain, but for now bitcoins is still the controller of all cryptocurrency.

 

[Razor1911]

well since bitcoins is the first cryptocurrency I'll consider it as one of the most secured cryptocurrency and is also one of the most trusted with the highest trading volume, there are a lot of them that are coming up to compete with bitcoins example is the binance smart chain, but for now bitcoins is still the controller of all cryptocurrency.

Not necessarily the most secure. The first is always an experiment. As you can see now we have so many smart chain network which has better hash rate, means it can process the mining far more efficiently. Bitcoin may be the king of the crypto market, but it has some drawbacks like. Blocks sizes are small and consumes more memory for every block.

 

[Alexandoy]

Do you really think that being secure is directly related to the profitability of the crypto trading? Whether the coin is secure or not but if you buy it now and tomorrow the price goes up then that means profit for you. And probably you will not care much on the security of the coin because the price makes the difference and not the security.