What are privacy coins?

Privacy coins provide a high level of anonymity when making transactions on the blockchain. Unlike most cryptocurrencies, where transactions can be traced, these coins use advanced technologies to hide information about the payer, the recipient, and the transaction amount. This is achieved through protocols such as RingCT, zk-SNARKs, or Stealth Addresses. The most well-known examples are Monero (XMR) and Zcash (ZEC). These cryptocurrencies are especially popular among users who value their privacy and do not want to disclose personal data.