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Discreet as potential regulation compliant Monero replacement

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by COINS NEWS 34 Views

As we know privacy has been huge part on crypto community and there has been a lot of scrutiny lately towards privacy coins (Monero delistings, etc).

I would like your honest opinion on a project called Discreet that has been in the works for past few years. I have no relation to them other than I hold a small bag for about 2 years now.

Their privacy tech in my opinion is very solid (IMHO better than Monero). And since it's a DAG not blockchain, in theory it should also be very fast.

But here's the interesting bit – they've been tweaking things to play nice with regulations, introducing something like a mix between private and public transactions. This way, not everyone has to go through KYC, but there's room for exchanges to handle transactions that do meet KYC rules.

So, I'm throwing this out to you guys, especially those of you who've got the inside scoop on crypto regulations or have been following privacy tech closely. Do you think this strategy could help privacy coins stick around in the mainstream without getting shoved off to the sidelines?

submitted by /u/SupremeLynx
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