Privacy and anonymity in blockchain transactions from "summary" of The Basics of Bitcoins and Blockchains by Antony Lewis
When using Bitcoin and other cryptocurrencies, it is important to understand the level of privacy and anonymity they provide when making transactions. While the blockchain ledger is public and transparent, the identities of the individuals involved in transactions are usually pseudonymous. This means that transactions are recorded on the blockchain using addresses, which are strings of characters, rather than real-world identities. However, it is important to note that the pseudonymous nature of blockchain transactions does not guarantee complete anonymity. With the right tools and techniques, it is possible for someone to trace a transaction back to its source. This is why some users may choose to use additional privacy-enhancing technologies, such as mixers or tumblers, to obfuscate the ...
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