Privacy in blockchain and crypto is a major concern for users, study reveals
Privacy is still one of the most important features of cryptocurrencies for traders according to data. To better understand user behavior and sentiment regarding transactions and privacy on the blockchain, Manta Network ran a survey in December 2020 studying user trust regarding privacy on the blockchain, as well as centralized and decentralized exchanges. The 2021 Privacy & Trust on Cryptocurrency Exchanges report examines the drivers behind user trust and activity surrounding blockchain transactions and exchanges.Download the full report here.The 404 participants in the survey all....
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SharedCoin adds another layer of privacy by bundling numerous transactions before placing them in the blockchain, helping mask users from casual examination by outsiders. Unfortunately most consumers have little or no idea that there are different levels of security and what that means to their privacy concerns. We have to keep in mind that the public ledger is open to inspection at all times. Savvy users can use the above mentioned tools to actually track individual transactions in the ledger. There are more than a few corporations that conduct their business and even make payroll in....
According to a study conducted by the US Department of Commerce, almost half of Americans are reluctant to shop online due to concerns over privacy and security. The study, conducted by the Department of Commerce’s National Telecommunications and Information Administration (NTIA), revealed that 45% of American households polled online reported limiting online activity because of security and privacy concerns. Fear of identity theft and government hearing unpopular opinions. According to the NTIA’s study, almost half of citizens were concerned about either transacting financially,....
According to a study published by the blockchain analysis firm Elliptic, over 13% of all proceeds of crime in bitcoin (BTC) were laundered via privacy wallets in 2020, up from 2% from the figures posted in 2019. 13% of All Proceeds of Crimes Leveraging BTC Were Laundered Via Privacy Wallets Dr. Tom Robinson, Elliptic’s co-founder and Chief Scientist, stated in the report called “Financial Crime Typologies in Cryptoassets” that so far in 2020, laundered crypto money through privacy wallets represented over $160 million worth in bitcoin from darknet markets, thefts, and....
Experienced Bitcoin users will gladly tell people how the popular digital currency will not help much regarding privacy and anonymity. Even though mainstream media outlets keep preaching the exact opposite of that statement, a new study by Rutgers shows how transactions are not as privacy-centric as people assume. Plus, there are still some questions....
A new report by an open-source advocacy group has found that bitcoin users still face major threats to their privacy. The Open Bitcoin Privacy Project (OBPP) published its latest study today, which explores the state of bitcoin privacy throughout 2016 and identifies key vulnerabilities in the ecosystem. Composed of developers and researchers in the bitcoin space, OBPP has previously weighed in on user privacy issues related to bitcoin wallets, releasing two editions on the subject since 2015. The newest report identifies four major threats that confronted bitcoin users over the past year.....