IEO Performance Report

Privacy Coins – Market Overview – April to September

OVERVIEW

Trustless & decentralized environment is the gift of Cryptocurrencies. The new DLT- Distributed Ledger Technology is disrupting the traditional world as this tech is replacing traditional middleman. Cryptocurrencies were launched with the aim to anonymize onine payments but with true decentralization technology, like Bitcoin (BTC) and Ethereum (ETH) confidentiality takes a blow. Bitcoin is not anonymous but rather pseudonymous.
On the other hand, privacy coins are solving this issue by obfuscating the linkability of personal information of public blockchain addresses combined with on-chain privacy features such as address fungibility.

VERGE

Verge is a community led, open source crypto currency that was created in 2014 under the name DogeCoinDark. In 2016, it was rebranded to Verge Currency. It is a fork of Dogecoin (DOGE) Verge uses Tor & I2P routing to offer privacy. Tor & I2P routing obfuscates traffic and conceals a user’s IP address when transacting. Verge uses multiple Proof of Work algorithms such as Scrypt, Lyra2rev2, Blake2s, X17 and Myr-groestl.
The Verge network also allows users to switch between a private and a public ledger via the Wraith protocol. Verge can do 100 transactions per second.
With RSK technology implemented that number is projected to reach 2000 transactions per second.

GENERAL VERGE STATISTICS

EXCHANGE LISTINGS DATA

With only 2 listings in the last two quarters, Verge(XVG) saw a 12% monthly average decline in price in terms of BTC.

XVG currently ranks 71 while being traded in a total of 16 exchanges, with over 49 market pairs.

CoinEx, EthFinex and other markets indicates arbitrage opportunites. To see the current arbitrage opportunity please log on to coinsflare.com

ZCASH

Zcash is managed by venture backed entity called Zcash company. It is an open source and private cryptocurrency that originated in 2016 as a bitcoin fork. The goal of Zcash is to improve the flaws of bitcoin by adding privacy features, The project forked from bitcoin is building on work done on Zerocoin. “zk-SNARKs” (zero-knowledge Succinct Non-Interactive Argument of Knowledge) is used by Zcash as a new method of cryptographic privacy. zk-SNARKs shields the transaction amount as well as the sender and recipient addresses.
The technology offers the choice for optional privacy.

GENERAL ZCASH STATISTICS:

LISTINGS DATA

With 6 listings in the last two quarters, Zcash saw a 11.6% monthly average decline in price in terms of BTC.

Zcash currently ranks 29 while being traded in a total of 40 exchanges, with over 128 market pairs.

Kucoin, BitForex, EthFinex, GDAX and other markets indicates arbitrage opportunites. To see the current arbitrage opportunity please log on to coinsflare.com

MONERO

Monero came as a Bytecoin forki n 2014 under the name Bitmonero.
Monero used to utilized the RingCT method and is based on the CryptoNote protocol.
The RingCT is enabling an obfuscation of the amounts, origins, and destinations of transactions. In combination with the Stealth address, this provides full privacy. Monero uses a Proof of Work mechanism to issue new coins and incentivize miners to secure the network and validate transactions.

Monero became first billion-dollar crypto to implement ‘bulletproofs’ tech.

GENERAL MONERO STATISTICS

LISTINGS DATA

With 4 listings in the last two quarters, XMR saw a 9% monthly average decline in price in terms of BTC.

Monero currently ranks 15 while being traded in a total of 31 exchanges, with over 106 market pairs.

Zb, EthFinex and other markets indicates arbitrage opportunites. To see the current arbitrage opportunity please log on to coinsflare.com

DASH

Dash offers privacy protection of transactions as an option for users. Dash’s modified Proof-of- Stake X11 mining algorithm uses “CoinJoin” for private transactions.
A server called a “masternode” is required to expedite the mixing process, which in turn requires users to trust that the server is not recording details on where each user’s outputs are ending up. A masternode requires a deposit of 1,000 Dash coins to run, which in theory, prevents someone from creating an arbitrary number of nodes for the purpose of recording CoinJoin details.
The currency was launched in January 2014 as “Xcoin” by Evan Duffield, as a fork of the Bitcoin protocol.

GENERAL MONERO STATISTICS

LISTINGS DATA

With 5 listings in the last two quarters, DASH saw a 11.6% monthly average decline in price in terms of BTC.

Dash currently ranks 18 while being traded in a total of 45 exchanges, with over 256 market pairs.

GDAX, Poloniex and other markets indicates arbitrage opportunites. To see the current arbitrage opportunity please log on to coinsflare.com

KOMODO

Komodo platform’s main focus is to build a blockchain ecosystem, which includes full range of products such as decentralised exchange, decentralised ICO crowdfunding platform.
Komodo provides privacy to it’s users with Jumblr feature.

The Jumblr feature takes non-private KMD and puts them through Komodo’s own tumblr. Making them completely private and anonymous. By using the zk-SNARK technology.
To improve security, Komodo uses a Delayed-Proof-of-Work consensus protocol which is similar to the standard Proof-of- Work but adds a notarization mechanism that ensures the integrity of a new block.

GENERAL KOMODO STATISTICS

LISTINGS DATA

With only 2 listings in the last two quarters, KMD saw a 12% monthly average decline in price in terms of BTC.

Komodo currently ranks 66 while being traded in a total of 11 exchanges, with over 24 market pairs.

Liquid, CoinEX and other markets indicates arbitrage opportunites.
To see the current arbitrage opportunity please log on to coinsflare.com

COINSFLARE