Airbrushing Your Bitcoin Transactions - Bitcoin Mixers and CoinJoin
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....
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Cryptocurrency mixers offer users a higher level of privacy and anonymity for their transactions, but often run into trouble with regulators. Cryptocurrency mixers have been an interesting topic of discussion ever since the advent of cryptocurrencies and their adoption by retail investors around the world. Cryptocurrency mixers are services that essentially focus on one feature of a blockchain network: privacy. Cryptocurrency mixers, also known as tumblers, provide anonymity so no one can trace the sender or receiver of a transaction. This can help protect the identity of individuals who....
XCurrency is set to launch its eagerly awaited Rev 2 technology this week which will allow nodes to earn revenue for trustless mixing of transactions. The new technology, Xmixer, will enable the boosting of network security, scale up the processing of private transactions and provide revenue streams for users of XC. To understand why this is a "killer-app", it is necessary to understand what is meant by coinjoin. Coinjoin is a protocol that enhances the security and privacy of transactions by enabling users to build shared transactions that prevents unscrupulous individuals from tracing....
Everything you need to know about utilizing CoinJoin in your bitcoin transactions.
Back in April, Erik Voorhees explained to Bitcoin.com the whole story of the ShapeShift hack with the “Looting of the Fox” and followed up with us in an interview about the situation. Now, the coins stolen by a hacker who collaborated with a rogue ShapeShift employee have left their original wallet, according to blockchain explorers. ShapeShift’s Stolen....
Promoted: Bitcoin mixers help users obscure their transaction histories and protect their identities. The post How Bitcoin Mixers Help Protect Privacy appeared first on Bitcoin Magazine.