Is It Possible To Track A Private Coin/Cryptocurrency?

[Good-Person]

Many people may not know about private coins. Private coins are a kind of coin that are "private" and they cannot be tracked. This is because of the blockchain and some other features of the coin that make it secure. So, is it really possible to trace it or track it?

 

[Ronny_4son]

Yes, it is possible to track a private coin or cryptocurrency. However, the level of tracking may vary depending on the specific coin or cryptocurrency. For example, some cryptocurrencies are fully transparent and use public ledgers, which makes it relatively easy to track transactions. Other cryptocurrencies, such as privacy coins, use more advanced privacy protocols to obscure transactions and make them harder to track. In this case, it may be difficult to track the transactions of a private coin or cryptocurrency. Various tools and services are sued to track transactions on the blockchain.

 

[Riberet19]

I think that coins like Monero (XMR) have not yet been able to be traceable, its level of anonymity is the highest in cryptocurrencies from what I understand, I don't know what you think of it, another that may be of this nature is Secret Network.

 

[Planbizzle]

Private coins can definitely be tracked. This is typically done with the aid of specialist tracking tools like BlockExplorer which offer comprehensive details on the addresses connected to a particular coin or crypto. You can use this to follow a coin's movements and acquire insightful knowledge about how it is used. Additionally, numerous wallets and decentralized platforms offer built-in tracking features which enables members to maintain tabs on their holdings and transactions

 

[eenya00]

I don't think it is possible to track it, except it is a private coin as some of them does not allow such features as this is against the motive and why crypto currency was created in the first place

 

[Nomad]

Private coins are private (that's how they got their name). You cannot see their blockchain transaction and you will not know where the transactions came from. These are completely private, and you should remember anonymous is different from private.

 

[Potuse]

People use the privacy coin to carry out different transactions because they wanted it to be highly confidential and that is why it is called a private coin and it could not be traced or immutably.

 

[Ononivami]

I have come across a lot of people using privacy coin and I think the privacy coin is used mostly by the security agencies to shield transactions from being open to many people and that is why the transaction done with private coin can be unveiled