How PoW, PoS, and Masternodes Work Together for your Privacy
▻https://hackernoon.com/how-pow-pos-and-masternodes-work-together-for-your-privacy-7dffd4aa351f?
Do you associate cryptocurrencies with privacy? Well, you’re not the only one. You and most people not so familiar with #blockchain technology, however, have been misguided. In reality, most cryptocurrencies provide only the basic components of anonymity.The blockchain is a public ledger of your transactions. Even if there are privacy-focused coins like TeleCoin, Monero, or Zcash that implement different approaches, in the case of the most popular ones (Bitcoin, Ethereum, and Litecoin), you are just benefiting from a false sense of anonymity. When using these popular coins you are, supposedly, using an anonymous address that nobody knows you’re the owner of. However, all of the funds transacted in and out are visible to anyone curious enough to look, like the governmental authorities, (...)