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Merge pull request #157 from theblackmallard/patch-1

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Update 5_Privacy_Respecting_Software.md
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Alicia Sykes 2022-04-13 01:15:05 +01:00 committed by GitHub
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5_Privacy_Respecting_Software.md
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@ -1056,15 +1056,15 @@ When proxies are involved - only use reputable services, and **never** enter any
| Provider | Description |
| --- | --- |
**[Monero](https://www.getmonero.org)** | One of the most private cryptocurrencies, since no meta data is available (not even the transaction amount). It uses complex on-chain cryptographic methods such as Ring signatures, RingCT, Kovri, and Stealth addresses all of which help protect the privacy of users
**[ZCash](https://z.cash)** | Uses zero-knowledge proofs to protect privacy cryptographic technique, that allows two users to transact without ever revealing their true identity or address. The Zcash blockchain doesn't record any send or receive addresses
**[ZCash](https://z.cash)** | Uses zero-knowledge proofs to protect privacy cryptographic technique, that allows two users to transact without ever revealing their true identity or address. The Zcash blockchain uses two types of addresses and transactions, Z transactions and addresses are private and T transactions and addresses are transparent like Bitcoin.
It is still possible to use currencies that have a public ledger 'privately', but you will need to take great care not to cause any transactions to be linked with your identity or activity. For example, avoid exchanges that require KYC, and consider using a service such as [Local Bitcoins](https://localbitcoins.net). If you use a [BitCoin ATM](https://coinatmradar.com), then take care to not be physically tracked (CCTV, phone location, card payments etc)
#### Notable Mentions
Other privacy-focused cryptocurrencies include: [PIVX](https://pivx.org), [Bitcoin Private](https://btcprivate.org) and [Verge](https://vergecurrency.com).
Other privacy-focused cryptocurrencies include: [PIVX](https://pivx.org), [Bitcoin Private](https://btcprivate.org), [Verge](https://vergecurrency.com), and [Piratechain](https://pirate.black/).
#### Word of Warning
Not all cryptocurrencies are anonymous, and without using a privacy-focused coin, a record of your transaction will live on a publicly available distributed ledger, forever. If you send of receive multiple payments, ensure you switch up addresses or use a mixer, to make it harder for anyone trying to trace your transactions. Store private keys somewhere safe, but offline and preferably cold.
Not all cryptocurrencies are anonymous, and without using a privacy-focused coin, a record of your transaction will live on a publicly available distributed ledger, forever. If you send of receive multiple payments, ensure you switch up addresses or use a mixer, to make it harder for anyone trying to trace your transactions. Cryptocurrencies that allow private and public transactions may reveal meta data about your transactions and balances when funds are moving from private to public addresses which can compromise your privacy with methods similar to a knapsack problem. Store private keys somewhere safe, but offline and preferably cold.
Note: Cryptocurrency prices can go down. Storing any wealth in crypto may result in losses. If you are new to digital currencies - do your research first, don't invest more than you can afford, and be very weary of scams and cryptocurrency-related malware.
@ -1093,7 +1093,8 @@ Avoid using any online/ hot-wallet, as you will have no control over the securit
| Provider | Description |
| --- | --- |
**[Bisq](https://bisq.network)** | An open-source, peer-to-peer application that allows you to buy and sell cryptocurrencies in exchange for national currencies. Fully decentralized, and no registration required.
**[LocalBitcoins](https://localbitcoins.com/)** | Person-to-person exchange, find people local to your area, and trade directly with them, to avoid going through any central organisation. Primarily focused on BitCoin, Etherium, Ripple andd LiteCoin, as it gets harder to find people near you selling niche alt-coins
**[LocalBitcoins](https://localbitcoins.com/)** | Person-to-person exchange, find people local to your area, and trade directly with them, to avoid going through any central organisation. Primarily focused on BitCoin, Ethereum, Ripple and LiteCoin, as it gets harder to find people near you selling niche alt-coins
**[AtomicDEX](https://atomicdex.io/)** | Person-to-person cryptocurrency exchange with no KYC or registration required and uses atomic swaps to perform trustless trades. The orderbook uses a modified libp2p protocol to prevent censorship and maintain decentralization. Fiat currencies are not supported, but hundreds of alt-coins and major cryptocurrencies are supported.
#### Notable Mentions