BSV Leader Craig Wright Claims His Privacy Coin Technology Can Make ZCash And Monero Traceable


Craig Wright Claims He Has The Technology To Make ZCash And Monero Traceable

Craig Wright, the Chief Scientist at nChain, said that he is working on a technology that would make transactions on Monero (XMR) and ZCash (ZEC) traceable. These two digital assets are known for their privacy features that do not allow third parties to track the funds being moved by users.

Craig Wright Could Trace Privacy Coins

Craig Wright is a controversial figure in the cryptocurrency space. He has been behind the Bitcoin SV (BSV) project that forked from Bitcoin Cash (BCH) back in November 2018. At the same time, he claims that he is Satoshi Nakamoto, the famous creator of Bitcoin.

In a recent tweet, Wright mentioned that he is working on a new technology that will make privacy-focused networks vulnerable to traceability software. He has also suggested that he will be giving the technology to law enforcement agencies to fight against criminal activities.

https://twitter.com/ProfFaustus/status/1102880821759885312

In another tweet, a user said that it might be difficult but not impossible. Craig explained that technology is slowly evolving and that they will be released in the future.

Privacy currencies are used by those individuals that usually search for more privacy than what Bitcoin (BTC) or other digital assets can provide. Bitcoin transactions are open to everyone on the market. Interested users can see how transactions are processed in real time and which is the length of these transactions. That’s something impossible to do with Monero, which protects users from being traced.

https://twitter.com/ProfFaustus/status/1102881811762475008

https://bitcoinexchangeguide.com/btc-eth-xrp-and-bch-price-watch-todays-cryptocurrency-coin-chart-predictions/

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide