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6 - Privacy Coins

Published online by Cambridge University Press:  24 July 2026

Cüneyt Gürcan Akçora
Affiliation:
University of Central Florida
Murat Kantarcioglu
Affiliation:
Virginia Polytechnic Institute and State University
Yulia R. Gel
Affiliation:
Virginia Polytechnic Institute and State University
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Summary

In this chapter, you will learn about the privacy limitations of public blockchains such as Bitcoin and Ethereum, and how these limitations have led to the development of privacy-focused cryptocurrencies. You will study the motivations for privacy coins and the risks posed by government-issued digital currencies. The chapter introduces and compares three major privacy coins: Zcash, Dash, and Monero. For each, you will explore their underlying technologies, including zero-knowledge proofs (zk-SNARKs), CoinJoin-style mixing, and ring signatures with RingCT and stealth addresses. You will also learn about consensus protocols, supply models, and the trade-offs each project makes between privacy, usability, and scalability. Finally, you will analyze the comparative strengths and weaknesses of these systems and understand the broader implications of privacy on blockchains.

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  • Privacy Coins
  • Cüneyt Gürcan Akçora, University of Central Florida, Murat Kantarcioglu, Virginia Polytechnic Institute and State University, Yulia R. Gel, Virginia Polytechnic Institute and State University
  • Book: Blockchain Fundamentals, Data Structures, and Algorithms for Data Science
  • Online publication: 24 July 2026
  • Chapter DOI: https://doi.org/10.1017/9781009004114.007
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  • Privacy Coins
  • Cüneyt Gürcan Akçora, University of Central Florida, Murat Kantarcioglu, Virginia Polytechnic Institute and State University, Yulia R. Gel, Virginia Polytechnic Institute and State University
  • Book: Blockchain Fundamentals, Data Structures, and Algorithms for Data Science
  • Online publication: 24 July 2026
  • Chapter DOI: https://doi.org/10.1017/9781009004114.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Privacy Coins
  • Cüneyt Gürcan Akçora, University of Central Florida, Murat Kantarcioglu, Virginia Polytechnic Institute and State University, Yulia R. Gel, Virginia Polytechnic Institute and State University
  • Book: Blockchain Fundamentals, Data Structures, and Algorithms for Data Science
  • Online publication: 24 July 2026
  • Chapter DOI: https://doi.org/10.1017/9781009004114.007
Available formats
×