A Privacy Standard In Bitcoin, And How It Will Protect Bitcoin Users

A Privacy Standard In Bitcoin, And How It Will Protect Bitcoin Users

There exists a security problem inherent to Bitcoin’s transparency that needs to be addressed by the community.Bitcoin has a fungibility issue; it is transparent, which can be both good and bad. Transparency allows everyone to check how many bitcoin are in circulation and to ensure that nobody is cheating. But it also allows bad actors (such as governments) to monitor the chain and compromise users' privacy.When a new user buys bitcoin using a regulated, know your customer (KYC) exchange, his information (including Bitcoin address, government ID and other identifying information) is being....


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