Bitcoin is one of the technologies in the world. Based on the most secure, blockchain tech, Bitcoin has emerged strongly as the best alternative for monetary transactions. Only a decade into its existence and it is already a huge success.
One of the basic reasons for its rapid growth is its global nature. It does not belong to any country or any individual party. This is because it does not require a third party to complete a transaction.
This feature makes many people to believe bitcoin is anonymous. However, the true nature of the currency is pseudo-anonymous, this means, it is not truly anonymous because someone else can track your transactions.
Why is Bitcoin not Anonymous?
Bitcoin is not anonymous first of all because of the nature of transactions applied. There are two important parts of the transactions; the input, which is simply the private keys, and the output which is the public keys.
You need both the private and public keys to successfully achieve a transaction. Once a transaction has been confirmed, it is saved on a public ledger. This public ledger is available freely for anyone to access.
If someone manages to get a full blockchain, they can easily track it to real life. This is one of the things that make Bitcoin not a good idea. Bad actors can use you information to steal your Bitcoins of share it with other people who may harm you.
But you can avoid all that
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