CoinMetrics analysts note tepid interest in private transactions among the crypto community

Market participants show little regard for transaction privacy, despite the availability of privacy tools and private cryptocurrencies. The latest report from CoinMetrics notes this.

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Researchers examined privacy-oriented cryptocurrencies Zcash, Monero, and Grin. The average daily transaction count for these coins amounted to only 6% of Bitcoin’s level.

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Источник: CoinMetrics.

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“For every transaction of one of these private assets, there are 16 Bitcoin transactions and an innumerable number of operations with assets that offer an even lower level of privacy,” the report says.

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Among holders of the listed cryptocurrencies, few use the full privacy features. As an example, analysts cite Zcash, where personal data and the amount can be hidden from other network participants. Only 2% of ZEC transactions were fully private and anonymous.

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Источник: CoinMetrics.

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CoinMetrics analysts say that user indifference to privacy features remains the main problem. This could lead to the idea of an anonymous transactional system being replaced by other concepts.

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Earlier this summer, the analytics firm CipherTrace introduced a tool for tracking transaction flows in Monero (XMR).

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