Monero's (XMR) popularity has been on the rise, primarily due to its ability to help anonymize users. Monero transactions are much more difficult to trace because they use ring signatures and stealth addresses. These methods help to hide the identities of the sender and the receiver. Additionally, Ring Confidential Transactions, or RingCT, helps to conceal the transaction amount, providing more privacy.
Trading at $221.46 as of July 4, 2021, Monero was the 26th-largest cryptocurrency by overall market value, coming in at roughly $2.8 billion.1
2. Zcash
Zcash (ZEC) defines itself as “If Bitcoin is like http for money, Zcash is https," underlining its enhanced security and privacy features. Zcash has implemented a cryptographic tool called Zero-Knowledge Proof and grants participants an option to shield transactions. It allows participants to transact without any of them revealing their addresses to the other(s). Zero-Knowledge Proof also obfuscates the transaction amount.
Zcash ranks at number 60 in the list of cryptocurrencies with a market cap of $1.49 billion and is trading at $122.68 per ZEC as of July 4, 2021.1
3. DASH
Created in 2014, DASH is a cryptocurrency that allows the user to choose whether or not their transactions are anonymous and private using its PrivateSend feature. This allows users who would like to remain within their countries' regulatory standards to do so. The feature works by obscuring the origins of your funds. Choosing to use the private send feature will slightly raise the fee for the transaction. DASH achieves this through a mixing protocol utilizing an innovative decentralized network of servers called master nodes.
As of July 4, 2021, Dash ranked 61st by market cap with a total value of over $1.46 billion. At the time of writing, it is trading at around $142.60.1
4. Horizen
Horizen (ZEN) offers privacy shielded Z-Addresses and public T-Addresses that work similarly to Bitcoin. However, sending funds from a Z-Address to a T-Address will show the amount received. Horizen also boasts a vast node network, which helps to improve anonymity.
On July 4, 2021, Horizen traded at $68.93 and had a total market cap of around $776.56 million. That made it the 83rd largest cryptocurrency.1
5. Verge
Instead of relying on cryptographic techniques, Verge (XVG) banks on the existing and tested technology of The Onion Router (TOR) and the Invisible Internet Project (I2P) to protect users' identities. TOR bounces a user's communications over a distributed network of relays and tunnels run by volunteers spread across the globe, thereby hiding the user’s identity. On the other hand, I2P encrypts user data before sending it through an anonymous, peer-to-peer, and volunteer-run globally distributed network. It allows hiding the locations and IP addresses of the transacting participants.
Verge made headlines when a popular adult website adopted it to start accepting cryptocurrency payments. The primary reason for the development was Verge’s privacy features.
As of July 4, 2021, Verge ranked 111th by market cap with a total value of $393.63 million and an exchange rate of $0.024 cents.2
6. Beam
Beam is a security-focused token with core features that include complete control over your privacy. All transactions are private by default and no addresses or other private information are stored on the blockchain. It claims superior scalability due to its compact blockchain size, opt-in auditability, support for online and offline transactions, atomic swaps, and hardware wallets integration.3
As of July 4, 2021, Beam tokens were trading at $0.43, with a total market value of $39.77 million, making it the 462nd most valuable cryptocurrency.1
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