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Privacy Coins Aren’t Made to Protect Digital Assets

Explore the difference between digital asset security and user privacy.

How privacy coins work

First, let’s dive deeper into understanding some prime examples of privacy coins and how they work.

Privacy isn’t the issue

Nonetheless, the question is, “who is it for?” What purpose do privacy coins serve?

Are privacy coins legal?

Regulation and authorities tend to frown on hiding financial transactions, especially in a relatively new industry.

It’s not made for security

Privacy coins aren’t designed to increase security. They are intended to enhance user anonymity and obscure transactions. Moreover, privacy coins belong to a completely different area of the blockchain and that isn’t digital asset security.

So, how can you secure your crypto assets?

Being a crypto owner and investor, you can safeguard your digital assets by becoming a parametric cover policyholder.

About Us

Neptune Mutual project safeguards the Ethereum community from cyber threats. The protocol uses parametric cover as opposed to discretionary insurance. It has an easy and reliable on-chain claim process. This means that when incidents are confirmed by our community, resolution is fast.

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Neptune Mutual

Neptune Mutual provides you with guaranteed stablecoin liquidity to reduce risk exposure by hedging against capital risks and smart contract vulnerabilities.