Bitcoin Is Not Really Anonymous, But Pseudonymous
Apr21

Bitcoin Is Not Really Anonymous, But Pseudonymous

Bitcoin Three words that commonly come to people’s minds when asked about “Bitcoin” are “anonymous,” “untraceable” and “currency used by criminals.” However, experts are of the opinion that common man’s impressions about the cryptocurrency bitcoin are all wrong. It is easy to dismiss it as a perception problem, but it has serious consequences. This is because it affects the attitude of lawmakers, regulators, investors, enforcement...

Read More
A New Bitcoin Alternative Called “Zcash”
Feb12

A New Bitcoin Alternative Called “Zcash”

Bitcoin and Zcash Bitcoin is a crypto-currency that would offer greater anonymity. However, it is possible to trace certain transactions across the blockchain; a publicly shared bitcoin ledger. This makes it possible for one to figure out the sender and recipient of the Bitcoin. For this reason, Zooko Wilcox developed a new digital currency called Zcash, alternative to Bitcoin. The crypto-currency offers absolute payment...

Read More
Bitcoin: The Anonymous Cryptocurrency
Nov27

Bitcoin: The Anonymous Cryptocurrency

Bitcoin is often referred to as the anonymous currency. This is because it is actually possible to send as well as receive bitcoins without necessarily giving away your personal identification information. However, attaining reasonable anonymity with this cryptocurrency can be a little complicated. This is because the bitcoin invention was meant to combat the challenge of censorship resistance in finance rather than anonymity. Even...

Read More