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| | Why Everyone's Watching Privacy Coins Again | | After years of radical transparency, crypto is re-examining privacy. Not as an ideological stance, but as infrastructure. | | Across the ecosystem, privacy-focused networks are evolving alongside clearer regulation, new governance models, and real-world use cases. What's emerging is a more pragmatic phase of privacy: one built for usability, compliance, and scale. | | Here are five privacy coins worth watching as this reset unfolds. | | | | | | | | | | | Zcash is at an inflection point. Its core developers, including the CEO, recently left Electric Coin Company after governance disagreements and are now forming a new independent team. The chain itself is still running, but this could a major reset—one that coincides with renewed interest in shielded transactions and more nuanced, opt-in privacy models. | | | | | If Zcash is evolving, Monero is going steady. It's privacy by default, with no compromises and no fanfare. Despite occasional mining drama and some regulatory pressure, it remains the most used privacy coin in practice, and the baseline against which everything else is measured. | | | | | Dash doesn't chase narratives. It offers fast payments, optional privacy, and features DAO governance that's been running longer than most crypto experiments. It's niche now, but still in use, which is more than can be said for a lot of louder projects. | | | | | Firo takes privacy seriously at the protocol level. Its Lelantus system breaks transaction links without relying on trust-based setups or external mixers. It's a more purist design, with less marketing and more cryptography—which is exactly why it has a loyal following. | | | | | Horizen has moved beyond being "just a privacy coin." Today it's more of a privacy-enabled platform, offering customizable blockchains where privacy is optional, not forced. That flexibility may matter more than maximalism as crypto collides with regulation. | | | | | Have you enjoyed this letter? | | | | | | © Changelly 2015—2026
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