Why Do You Need Privacy When Transacting in Cryptocurrencies?

Written by czai | Published 2020/01/11
Tech Story Tags: crypto-tumbler | privacy | bitcoinmix | litecoin | ethereum | cryptocurrency | privacy-top-story | crypto-transactions

TLDR Privacy is a big issue among those who are aware of its implications, especially with the realization that Bitcoin is not as private as previously thought. Most transactions on public blockchains such Bitcoin are verified by private companies and it is possible that malicious players such as hackers could exploit them to know how much bitcoins a person holds. This has naturally raised concerns among crypto users because it means that the most rudimentary crypto transactions are exposed to third-part scrutiny with high possibility of linking it to a person’s identity.via the TL;DR App

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Written by czai | Having 3 years of experience in Writing, Czarina is fully immersed in Blockchain & Allied Industries
Published by HackerNoon on 2020/01/11