BURN ADDRESS
Burn address is a public address to which coins are sent and cannot be spent because the private key is unknown.
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Privacy coins are cryptocurrencies designed to enhance transaction privacy by obscuring the sender, receiver, and transaction amount. In trading, privacy coins like Monero, Zcash, and Dash are popular among traders seeking anonymity and secure transactions. These coins use advanced cryptography to ensure that transaction details are shielded from public view, making them attractive to users who prioritize confidentiality. However, privacy coins face regulatory scrutiny due to concerns about money laundering and illegal activity.