ADVERTISEMENT
NewsLogical
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
NewsLogical
No Result
View All Result
Home Altcoins

Anonymous Transaction could make Tron (TRX), Litecoin (LTC) World’s Leading Crypto

by Esme Anderson
October 3, 2019
in Altcoins, Cryptocurrency
0
Crypto analysis Tron Ripple Cardano Bitcoin
0
SHARES
173
VIEWS
Share on FacebookShare on Twitter

Confidentiality of transactions and identity is what every crypto investor will love to see on favorite coins. It is interesting that the Tron (TRX) token, and Litecoin (LTC) are exploring the use of privacy. At the moment, both coins are set to launch into the world of privacy. The move will no doubt, enhance their chances in the crypto market.

Tron (TRX)’s zk-SNARKS – Borrowing a Leaf from Zcash (ZEC)

The latest move by the Tron (TRX) is commendable. A look at its formulation and journey in the crypto-sphere attests to the fact that the coin is positioned for greatness. The Zero-Knowledge Succinct Non –Interactive Argument of Knowledge (zk-SNARKS) technology is the latest addition that Tron (TRX) awaits in the space.

The underlying technology, which has been in use in Zcash (ZEC), places the coin at advantage, as it looks to become a privacy coin by default. To this end, TRX will be in favorable competition with top privacy-enhanced coins such as Verge (XVG), Monero (XMR) and Zcash (ZEC) and beyond.

Also Read: Tron (TRX) BitTorrent (BTT) – Prepare for 2019 Boom

zx-SNARKS shields (does not disclose) transactions. Thus, it entails the proof of construction, whereby a party can confirm the existence of information, without giving more details about it.

Coupled with the fact that Founder Justin Sun has claimed that the 1 billion users of BitTorrent would be added to Tron (TRX) and that the blockchain technology remains the decentralization chief in the space, Tron stand a better chance among its contemporaries.

Litecoin (LTC) makes the list with Confidential Transaction

Litecoin (LTC) is also looking at enhancing its daily use specialty with privacy of transactions. This is the reason why it is working on the premise of Confidential Transactions (CT). This is coming on the heels of Charlie Lee’s (Founder of Litecoin) disclosure that the coin is not fungible. He pointed out that this is the missing link in Bitcoin (BTC) and Litecoin (LTC). By adding this through CT, the coin will be fully regarded as “money”.

Also Read: 3 Reasons Litecoin (LTC) Will Make a Rebound in Q1 2019

On the other hand, the MimbleWimble protocol will aid in Litecoin (LTC)’s drive to become fungible. The protocol protects transactions by limiting concise and confidential information to the involved parties. For instance, only the transacting parties (sender and receiver) will have insights on the amount that was involved in the transaction.

Anonymity drives Adoptions

There is no gainsaying the fact that the confidentiality of transactions will increase the chances of the LTC and TRX coins. The step is a welcome development because more investors are getting conscious of transactions. In light of this, the steps toward anonymity will fast-track Tron (TRX) and Litecoin (LTC)’s stakes in the crypto-sphere.

Tags: Litecoin (LTC)Litecoin (LTC) News UpdateLitecoin (ltc) priceLitecoin (LTC) Price predictionLitecoin (LTC) price todayMonero (XMR) Litecoin (LTC) crypto mergerTokenPay (TPAY) Verge (XVG) Litecoin (LTC) Free Trading PairsTron (TRX)Tron (TRX) - BiTtorrent 1000 giveawayTron (TRX) 2 million milestone accountTron (TRX) News TodayTron (TRX) Price AnalysisTron (TRX) Price Update
No Result
View All Result

Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

Read More.

Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

Read More.

About us

  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Privacy Policy
  • Team
  • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • XRP News
  • Price Analysis
  • Coin Guide
  • About
    • Team
    • Editorial Policy
    • Privacy Policy
    • Write for Us