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How Monero Works (And Why its a Better Currency Than BTC)Looking for the top privacy coins? Find the best privacy-focused crypto assets, pick your favorites, and start transacting anonymously! Cryptocurrencies are anonymous and untraceable. The cryptocurrency system is decentralized, meaning there is no central server, administrator or manager. Monero is often considered one of the most untraceable cryptocurrencies due to its focus on privacy and anonymity features. Here are some pros.