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where-did-anonymity-go-from-crypto

Cryptocurrencies have ascended as an alternative to centralization. They challenge the strengthening of power by removing the authority’s ability to dictate the course of one’s action. To a certain extent, blockchain adds a layer of anonymity as it bypasses third-party verification; however, Bitcoin or Ethereum do a mediocre job of impeeding identifiability. All transaction records are publically available on the public blockchain, as Vitalik Buterin’s action of transferring 320.000 ETH emphasizes.

Blockchain transactions are heavily scrutinized compared to paper money because they could be traced back in some instances. Long gone are the days when Silkroad users would use Bitcoin…

Vlad

I write what I can about crypto. #doyoustillbelie

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