Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.
Using digital money such Bitcoin and doing any kind activity with it is considered to be absolutely anonymous. Perhaps, there are some seeds of doubt that will help explain the real level of cryptocurrency anonymity.
Firstly, all transactions are registered immediately in the blockchain public network and its users can see money transactions between accounts. It is a complex task to find a user, because all transactions are unnamed, having only special numbers. However, if somebody knows the numbers of one user it becomes easier to find out the others. In order to promote security, all operations have unique numbers. Secondly, the leak of information is possible during hacking attacks during the mining stage. Thirdly, the use of unverified exchanges might be one of the reasons for stolen information. To avoid this, all users should use proven companies, exchanges and platforms.
Beam updates details on its June 28 hard fork, laying out foundations for the firm’s future DeFi offering.3683
Recent comments from anonymous Ethereum 2.0 staking solution creator heyheeyheeey show his desire for continued anonymity.4164
Japanese crypto firm Freessets announced a new technology that enhances Bitcoin wallet privacy.8572
Tornado.cash has launched complete immutability for its smart contracts, despite the potential security risks.17563
John McAfee’s anonymity-oriented Ghost project plagiarizes PIVX blockchain in “at least 20 of the 26 total pages” of its whitepaper, PIVX developers claim.5496
Does blockchain technology grant enough anonymity? Experts’ opinions vary, as some say the technology hasn’t lived up to the expectations.5231
After successfully completing its first hard fork in August 2019, privacy coin Beam plans to execute its second hard fork in June 2020.8446
Dash developers announced that they expect to update the project’s “Evonet” test network every roughly six weeks.9434
A ransomware group switched from Bitcoin to Monero to better protect the hackers’ identities.8616
Opera now enables its users to access decentralized web pages through a partnership with Unstoppable Domains.5372
What is the correlation between the ransomware landscape and the cryptocurrency industry, and what to expect in the future?3090
With the implementation of ZIP 1014, Zcash will continue to fund its development with a fee imposed on mining, but the question remains: Did the community have a say?3715
A new project says it solves the issues seen in established privacy coins such as Monero and Zcash to deliver complete anonymity.16751
Industry experts tell Cointelegraph about the latest cryptography innovations and how they will influence the future of cryptocurrencies.11896