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IS BITCOIN ANONYMOUS?

IS BITCOIN ANONYMOUS?

Bitcoin is generally described as an anonymous currency. The major reason being the possibility to receive and send bitcoins without mentioning any personal identity or information. But, as a matter of fact, absolute anonymity is also not possible. It can be tracked if need be. The correct way to mention Bitcoin is to say that it is pseudonymous. Sending and receiving is similar to writing under a pseudonym. If the pseudonym of the author ever gets linked to the identity,…

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BITCOIN: LATEST UPDATES

BITCOIN: LATEST UPDATES

Bitcoin, the first cryptocurrency has brought a revolution in the field of the payment system and has opened the door for the blockchain system to be a part of the day to day life. More and more people are now adopting bitcoin and many MNC’s have also started accepting bitcoin as a payment for their products. After its birth in 2007, the bitcoin saw many ups and down. Bitcoin started at the value of US$1=1,309 BTC and soon in mid…

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