Want to Speak Crypto?

ATAIX glossary all you need to know.

Description 1

Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.

Description 2

ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!


What is Anonymous in Cryptocurrency?

There are many reasons why people choose to remain anonymous. It may be because they want to protect their identity or personal information for some. Others may feel that they lack individuality or distinction if their name is known. Whatever the reason, anonymity can be a powerful tool for individuals who want to remain hidden from the public eye.

Anonymity has been one of the vital appeals of cryptocurrencies throughout their history. A good example is Zcash, which has effected a cryptographic tool known as zero-knowledge proof and can grant any participant an option to shield their transactions, which allows them to transact without revealing their addresses. It also obfuscates the transaction amount. This demonstrates the anonymous features of cryptocurrency.

Another anonymous cryptocurrency that is worth mentioning is Dash. It employs a technology called Darksend, which mixes your coins with those of other users to make it difficult to track individual transactions. As a result, Dash provides a high level of privacy for its users.