Since 2015, it has served over 200,000 requests on the Ethereum mainnet and several million on test nets, backing its claims with authenticity proofs based on a variety of cryptographic techniques. (dailybitcoinnews.com)
However, in order to completely hide the transactions from public view, the protocol makes use of an advanced cryptographic technique called «Ring Signatures». (coinbureau.com)
«As I see it, cryptocurrencies like Bitcoin are in effect like digital gold coins, in the sense that they can't be counterfeited... Cryptocurrencies use cryptographic techniques plus distributed storage to create non-material entities that are nonetheless impossible to fake,» tweeted Krugman. (bitcoinmagazine.com)