Privacy Coins vs Crypto Mixers: Why the Difference Matters for On-Chain Privacy

A blockchain can be public without being socially transparent. That distinction sits at the heart of one of crypto’s most difficult privacy debates.Bitcoin and Ethereum record transactions on public ledgers. Anyone can inspect the chain, follow flows between addresses and, when an address is linked to a real person through an exchange or another service, build a surprisingly detailed picture of their financial activity.Privacy coins take a fundamentally different route. Instead of adding p