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Privacy

Definition

In the context of digital assets, privacy refers to the ability to conduct transactions or hold assets without revealing identifying information about participants or transaction details. While many blockchains offer pseudonymity, true privacy protocols aim to obscure transaction amounts, sender and receiver addresses, and other metadata. This is achieved through advanced cryptographic techniques such as zero-knowledge proofs, ring signatures, or coin mixing services. The goal is to provide financial confidentiality similar to traditional cash transactions, distinct from the transparency inherent in public ledgers.