Same Bitcoin Address? Anonymity At Stake!
The anonymity of bitcoin transactions has been a challenge for financial regulation. But it has also been a challenge for those users who wish to hide their identity. Using the same Bitcoin address: not recommended. The only reason to provide a different bitcoin address for each transaction is to protect your anonymity. If you reuse the same address, your entire transaction history can be instantly available to anyone simply by logging on to blockchain.info Your transaction can be traced and anyone can calculate how much money you have and how you spend it. On the contrary, with the use of....
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Are you a Bitcoin skeptic? I hope not... Most of the vocal critics of bitcoin and cryptocurrency seem to be concerned about the "anonymity" associated with bitcoin transactions. According to some of them, because of the so-called anonymity, bitcoins are "made to order" for terror organizations to raise funds. Well I have some news for them - It is not anonymity, but "pseudonymity", they are two different things. Who said your bitcoin transactions couldn't be tracked to a particular location or IP address in real-time if necessary (if you do not believe me, read it for yourself)? Call me....
Bitcoin is unique in its approach to privacy. Uneducated observers lament its advantages for illicit activities, but the blockchain keeps track of every transaction and who has how much coin. The revolutionary part of this system is the fact that one must divulge his or her Bitcoin address to lose anonymity, which leaves us with a new kind of privacy-conditional privacy, known in Bitcoin as "pseudoanonymity." Most people who support privacy rights are worried about the invasiveness of governments and corporations, and there are plenty reasons why you might not want to reveal your Bitcoin....
One of the few coins out there to show real promise by integrating truly anonymous technology is definitely CryptographicCoin showing some never before seen combinations in order to achieve the goal of anonymity. By integrating technologies from Zerocoin, Novacoin, and even PeerCoin, it seems as if the goal at hand is fairly simple. The purpose of CryptographicCoin seems to be clear as they strive to bring a securer and more anonymous network, a field in which Bitcoin has failed in recent months. Not only this, it also implements a system that deletes transactions once completed which....
Although bitcoin addresses are composed of randomly generated hexadecimal characters, which are unrelated to one's id, anyone can see each and every transaction on the public ledger, so the flow of bitcoins from an address to another along the blockchain is visible to everyone. Solely, the hexadecimal characters of a given address can never be used to identify the person using it to send or receive bitcoins. However, a bitcoin address can be linked to a specific individual based on past transactions via blockchain analysis, Googling btc addresses, surveillance and hacking with extraction....
Peercoin was the first Bitcoin-based monetary system to use proof-of-stake as a mechanism to ensure its own integrity. However, there are some objections to Peercoin's proof-of-stake model. This article presents those objections along with a similar system redesigned to address them. In a simplified version of Peercoin's proof-of-stake design, each node can use part of its balance as a stake allowing it to chain blocks. The bigger that stake, the more chances this node has of increasing the block chain. The reward for chaining blocks is 1% of the used stake as newly minted coins, annually.....