Dash [DASH], Monero [XMR] may get tough competition from Bitcoin Private [BTCP] in future
Dash [DASH], Monero [XMR] and other leading altcoins are gradually preparing themselves since they may get tough competition in future from Bitcoin Private [BTCP]. Bitcoin Private [BTCP] is a freshly launched crypto project that aims to provide highest level of security and privacy. The condition of both the privacy coins, Dash [DASH] and Monero [XMR] are such that with the bullish market approaching Tether [USDT] has successfully over taken both of them.
The launch of Bitcoin Private [BTCP] is an outcome of a split from ZClassic which itself bifurcated from Bitcoin [BTC]. Bitcoin Private [BTCP] makes use of the technology of zk-SNARKs. In this network, the transactions are well protected and maintains the anonymity. The option of choosing between private and public address for conducting transaction is provided to the users by Bitcoin Private [BTCP]. The unique algorithm of Bitcoin Private [BTCP] makes sure that without disclosing the already owned units, the ownership proof is given.
On the blockchain platform, Monero [XMR] cryptocurrency executes an altogether different algorithm. The altcoin Monero [XMR] is based on the grounds of hash algorithm of CryptoNight proof of work. Apart from providing an impressive level of security, Monero [XMR] also generated Stealth addresses for carrying out transactions. This is, in turn, makes it very challenging to find the actual transaction address or the real location.
On the other hand, the digital currency Dash [DASH] was separated from the blockchain of Bitcoin [BTC] in 2014. This measure was conducted for providing effective solutions for improving the scalability, transaction speed and private transaction. Dash [DASH] crypto coin provides adequate amount of privacy to the users for hiding their addresses at the time of transaction.
However, when the price valuation of each of the three altcoins are compared, then certainly Dash [DASH] and Monero [XMR] leave Bitcoin Private [BTCP] behind. Presently, the valuation of the latter one in the crypto market falls short. Bitcoin Private [BTCP] is the minimal valued asset and each marked at a price of $15.46.
Among all the three virtual currencies, Dash [DASH] has the highest value of $269.36. In the ranking of the largest cryptocurrencies, Dash [DASH] occupies the 14th position. Dash [DASH] cryptocurrency has a valuation of $129.35 and a market capitalisation of $2.09.
Nevertheless, Bitcoin Private [BTCP] yet receives a strong and positive feedback. It has been regarded as a valuable project which would become noteworthy in the future times. John McAfee, the founder and technologist of McAfee made series of predictions favouring the success of Bitcoin Private [BTCP].
According to the prediction of McAfee, Bitcoin Private [BTCP] has bright possibilities to take a lead in the crypto industry. McAfee foretells that Bitcoin Private [BTCP] has the potential to strike $15,000 level in future and even go ahead of Btcoin [BTC].
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