Though all bitcoin transactions are recorded and broadcast via the public blockchain, transactions are afforded a degree of privacy through the network's
pseudonymous address system.
Not exact matches
Her motive in filing the legislation, she said, was to
address the fact that virtual currency's «anonymous or
pseudonymous character» inhibits efforts by law enforcement to trace its ownership.
This is because while blockchain
addresses themselves are
pseudonymous, the identities of the individuals who use those
addresses can be ascertained by connecting on - blockchain transactions to off - platform events, such as the shipping of goods from one street
address to another.
Technically the appropriate term is «
pseudonymous» - imagine that your bitcoin
address is like an email
address or an online alias: how hard it is to trace to your actions depend largely on what you do with it.
But my IP
address is almost always taken and it is, as Ghostery puts it, «
pseudonymous,» meaning that though it doesn't point directly to me personally, it may provide enough information to enable the curious to track me down.
The possibility to be anonymous or
pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin
addresses you use.
The transaction involved a large number of sending
addresses, with some of them from blocks mined in February 2010 or even earlier, prompting excited speculation they might be from Satoshi Nakamoto, bitcoin's absent (and likely
pseudonymous) founder.»
Indian opposition leader Rahul Gandhi taunted the prime minister after a
pseudonymous researcher found that Modi's app was pumping private information such as citizens» email
addresses to servers controlled by a U.S. firm.
2) In regards to Bitcoin being
pseudonymous (which you correctly identified as not anonymous) you mention IP
addresses being «recoded» [sic], I think you meant «recorded» and Bitcoin users
addresses certainly aren't being recorded in the block chain but rather with the layered services that they are using.