📣 In the world of cryptocurrency and blockchain, privacy becomes a two-edged sword. On the one hand, anonymity tools such as mixers and privacy coins improve transaction security. On the other hand, they have become a tool for scammers and have slowed down the mass adoption of cryptocurrencies. 🕵️♂️
- Cryptomixers and private coins: transaction anonymization
- Improving the reputation of crypto: what can we do
- Privacy slows adoption, but is still important
It is important to understand that cryptocurrency is more pseudonymous than anonymous. This means that digital ledgers do not hide the fact that a transaction took place, they hide who exactly made it.
So, in essence, crypto is not completely untraceable. This is why some developers within the crypto community have decided to create a way to completely anonymize transactions, and two ways to do this are through crypto mixers and private coins.
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