The implementation of this technology promises to remove the need for trusted setups.
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.
There are purported vulnerabilities in Wasabi's software.7268
Some might say he's given up the $Ghost.14396
Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.5783
Beam updates details on its June 28 hard fork, laying out foundations for the firm’s future DeFi offering.3910
Recent comments from anonymous Ethereum 2.0 staking solution creator heyheeyheeey show his desire for continued anonymity.4215
Japanese crypto firm Freessets announced a new technology that enhances Bitcoin wallet privacy.8618
Tornado.cash has launched complete immutability for its smart contracts, despite the potential security risks.17649
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.5562
Does blockchain technology grant enough anonymity? Experts’ opinions vary, as some say the technology hasn’t lived up to the expectations.5430
After successfully completing its first hard fork in August 2019, privacy coin Beam plans to execute its second hard fork in June 2020.8577
Dash developers announced that they expect to update the project’s “Evonet” test network every roughly six weeks.9506
A ransomware group switched from Bitcoin to Monero to better protect the hackers’ identities.8768
Opera now enables its users to access decentralized web pages through a partnership with Unstoppable Domains.5454
What is the correlation between the ransomware landscape and the cryptocurrency industry, and what to expect in the future?3293