Even in the Bitcoin community, it is a matter of dispute whether or not to call Bitcoin anonymous. The fact is that transactions cannot easily be traced back to a specific user. All transactions are publicly displayed as such, which is easily visible to everyone, but an assignment can only be made if user-related data is also stored. However, these are often required in order to be able to carry out transactions at all, such as name and address are required for online purchases.
And the transactions can not only be viewed with tools like the Block Explorer, they are also displayed on everyone Computer on which a Bitcoin client is installed. It has to be like that, because the entire network participates in the verification of individual transfers. This is the only way to ensure that bitcoins remain forgery-proof in the long term. So it is the well-known conflict between security and anonymity that does not stop at the Bitcoin network. To work safely with cryptocurrency, various manipulations with the program code are carried out every day, protocols are uniqueized, one of these protocols is MINA, more details here https://cryptoine.com/things-to-know-about-mina-protocol/.
However, the freely available information does not reveal everything: It shows what amount at what time below Use of which public key was used. If you just want to take a look here to see who is spending what and where, you will only be confronted with long alphanumeric codes that cause more confusion than reveal information. However, that does not mean that criminals can pursue their machinations here unseen.
In order to be able to assign the transactions to users, further information such as an e-mail address is required. This happens, for example, when trading bitcoins online. Because here such data is necessary in order to be able to assign a transfer in a meaningful way.
Related posts
Today's pick
Hot topics
Recent Posts
- What you Need to Know About Day Trading July 1, 2022
- Different methods to build or earn backlinks to your website April 11, 2022
- Experts Name 3 Outdated Myths About VPS Hosting March 17, 2022
- Remaining Informed on News With Wireless Internet March 10, 2022
- Head out Trends to Begin a New Decade – What You Should Know March 5, 2022
- Business Identity Theft and Burglary are Real February 25, 2022
- Understanding Your Competitors February 4, 2022
- Does team building really work? January 28, 2022
Archives
- July 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- October 2021
- September 2021
- July 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- December 202
Stay connected