For a long time, bitcoin has been perceived by many as an anonymous payment system for online purchases. This myth has been propagated by mass media when bitcoin emerged as a popular payment method on the dark web. However, this is far from the truth. Due to its publicly viewable blockchain, every bitcoin wallet and every bitcoin transaction ever processed can be viewed online by anyone. For that reason, several efforts are underway to increase bitcoin’s privacy. The most prominent of these is Confidential Transactions.
Progress continues on anonymous Bitcoin transactions
For a long time, bitcoin has been perceived by many as an anonymous payment system for online purchases. This myth has been propagated by mass media when bitcoin emerged as a popular payment method on the dark web. However, this is far from the truth. …