Although anonymous teams have built some of the leading infrastructure in crypto, many new participants in the ecosystem are using their real identities.
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.
The ECB drops another working paper on the digital euro, causing more outrage from Europeans opposing a central bank digital currency.5577
XMR’s bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month.3185
Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are.1896
Crypto could be one of few ways for Russians to help Ukrainians, as any identified assistance to Ukraine is considered as high treason by the Russian state.4689
As the identities of more and more pseudonymous crypto personalities continue to get outed, experts weigh in on the value of anonymity.3977
The Russian State Duma approved a bill on crypto taxation in early 2021, but the bill has yet to move any further.5479
Blockchain combined with VPN and Tor technology may be the key to an anonymous future.3598
Sadly, there are several reasons why the blockchain community has fallen short in making privacy a tier-one priority, and that must be changed.9864
“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said.6754
This layer-two protocol says it is bringing cross-chain privacy to digital assets by enabling account balances and transaction amounts to be encrypted.4450
The blockchain network behind anonymity-preserving tools including a messaging app has announced that it is exploring plans to launch a private stablecoin.9371
A privacy coin project wants to offer "full-fledged total control" as regulatory uncertainty surrounding cryptocurrencies continues.4004
It may not have a meme dog or billionaire booster, but a privacy coin protocol is bullish about the value of anonymity.2546
Crypto and blockchain industries need to play by the rules to realize their full potential, Concordium CEO says.10729