By hiding their source and destination, the cryptocurrency known as privacy coin enables private and anonymous blockchain transactions. This privacy coin makes use of a number of strategies, including hiding a user's actual wallet balance and address and combining multiple transactions to evade chain analysis. A privacy coin is a type of cryptocurrency that, as its name suggests, conceals user information. The identities of users, their locations, and their wallet balances are some of the data that privacy coins conceal. While using the same blockchain technology as other cryptocurrencies, privacy coins employ a number of different security measures to shield senders and receivers.