Who would have thought two decades ago that people will be able to pay from their smartphones? Who would have thought that the world will shift to contactless or digital payment methods like Google Pay, Amazon Pay, and Apple Pay, to name a few?
With the drastic technological advancements taking place all around the world, people have changed the way they work, communicate, and even shop for goods or services. Moreover, the quick waves of smartphone evolution have facilitated the rise of a new payment system, that is, cryptocurrency.
Although there are many different types of cryptocurrencies, META 1 Coin is remarkably seeping its way into the mainstream market. When we talk about this revolutionary digital currency, privacy isthe most important aspect that makes it different from others. There is no doubt in the fact that a plethora of individuals and companies do not want to publish their data onto a public blockchain. They do not want their information to be read arbitrarily by anyone, that too, without any restrictions from the government (either own or foreign) or any other formal or non-formal organization.
Many people have heard about META 1 Coin, but they do not know how much anonymous is it or how much privacy it gives to the people. To help, this post will answer all such questions related to the privacy of META 1 Coin.
So, let’s first understand what is the meaning of “crypto” in cryptocurrency!
What Is “Crypto”?
Let’s take a simple example! In the Chrome browser, you have the option to browse either privately or publicly. If you wish to browse privately, you use ‘Incognito Mode’, isn’t it so? Browsing in this mode does not save your history, cookies, or any other information regarding the website you visited. Therefore, other people who are using your device will not be able to see what you have searched on the internet. Now, let’s talk about crypto!
The word “crypto” means ‘anonymous’, which literally means unknown, secret, or concealed. Therefore, the cryptography technology ensures full anonymity or incognito similar to the ‘Incognito Mode’ of the Chrome browser. In cryptography, one can ensure to have private transactions as well as participants, that too, without depending on the operations of the central authorities.
Crypto technology is basically used for:
- Securing transactions
- Monitoring and controlling the creation of new currency units
- Validating the transfer of digital tokens and assets
How META 1 Coin Ensures Privacy?
As META 1 Coin’s privacy is all augmented by crypto technology, it offers a decentralized, anonymous, and secure crypto platform for carrying out transactions.
So, how does META 1 Coin ensure that all the transactions are carried out with ultimate authenticity and without any disclosure? How does this anonymous system actually work with due diligence? What forms the backbone of META 1 Coin’s privacy system?
We will go through all of these in this section!
- Private Irrevocable International Trust
META 1 Coin creates PIIT (Private Irrevocable International Trust) to make sure that all META Coin holders are contracting with real humans and not with any fictional character created by a state. In this way, META 1 Coin protects all its coin holders in a legal and proper manner. The META 1 Coin holders then join the META 1 Coin private jurisdictions. Thus, a private status is assigned to the coin holders and no interference is witnessed by any government agency.
- META 1’s BlockChain Technology
Similar to other popular cryptocurrencies, META 1 Coin uses blockchain technology to ensure both privacy as well as security. All the transactions are stored in blocks and time-stamped. This process is often technical and complex, but once done successfully, hackers cannot attack the information so easily. Moreover, the transaction process of META 1’s blockchain technology requires two-way authentication. You might be asked for a username and password for the first time, while for the second time, you might oblige to confirm with the authentication code sent via text message or call.
- Elimination Of Central Authority
META 1 Coin is a decentralized, anonymous, and secure form of crypto technology. Due to this, one gets immense support for peer-to-peer architecture and transferring digital assets and funds between individuals without the need of including central regulations like government and bank.
- No Disclosure Of Identity
META 1 Coin’s system can hold a crypto address without revealing the identity of your address. One person can have more than one address and they are not linked together. This helps in not disclosing or indicating that a single person is owning them all. It would not be wrong to say that making transactions on META 1 Coin is just like writing under a pseudonym. So, each and every word written by a pseudo writer will be identified by or linked with his/her pseudo name.
- No Disclosure Of Information
Various organizations prefer to protect their sensitive information like proprietary information and corporate strategy insights. Such information can be used by competitors or hackers for either leveraging the befits or undermining the credibility of the organization. META 1 Coin’s privacy system allows coin holders to protect their organizational strategies, property information, customer data, employee information, and various other crucial data from malicious competitors and hackers.
- Powerful Encryption Keys
One of the most important aspects of META 1 Coin’s cryptography is its powerful encryption keys. Technically speaking, encryption keys make the information secret or ‘crypto’. META 1 Coin’s encryption keys explicitly turn the information unreadable for an unauthorized person.
While many cryptocurrencies, such as Bitcoin may disclose the transaction details in public, META 1 Coin’s encryption keys keep them highly secure and anonymous.
Bottom Line
If we talk about today’s scenario, our private information is centralized and controlled by a few individuals. This increases the erosion of our privacy as well as security. In such a vulnerable condition, META 1 Coin can prove an effective solution for protecting your privacy. With this innovative digital technology, one can enjoy various benefits from artificial intelligence algorithms, faster transactions, liquidity in the market, and better service without compromising privacy.
After all, the more you will keep your information private, the lesser your security will be susceptible to collapse.
