We just launched support for two notable cryptocurrencies in Chainalysis Reactor and KYT (Know Your Transaction): Dash and Zcash. As two of the most popular so-called “privacy coins” — cryptocurrencies with privacy enhancing features encoded into their protocols — they account for over $1.5 billion of reported daily trading volume.
You may be wondering how Chainalysis products could support privacy coins. Isn’t the whole purpose of privacy coins to make transactions impossible to trace?
That’s an oversimplification, in that it misunderstands both the privacy features coins like Dash and Zcash offer and how users actually utilize those features in everyday transactions. Below, we’re going to examine how Dash and Zcash allow investigators and compliance professionals to investigate illicit activity in a way that balances users’ privacy needs with the industry’s compliance needs.
Dash, Zcash and privacy
What actually makes a privacy coin a privacy coin?
Many people believe that Bitcoin transactions are private, but that’s a misconception. Transactions, addresses, and balances are………….
Original link: https://blog.chainalysis.com/reports/introducing-chainalysis-investigation-compliance-support-dash-zcash