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Is Cryptocurrency Anonymity?

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calendar 17-07-2023

In addition to anonymity, an important aspect of cryptocurrency is its security. Blockchain technology, on which cryptocurrency is based, ensures an extremely high level of security and immutability of transactions. Each transaction in the blockchain is signed with a cryptographic key, which makes it reliable and unforgeable. Information about the transaction is distributed over the network, where it is confirmed by miners - special nodes that check the correctness and authenticity of transactions.


This makes manipulation of the system very difficult and excludes the possibility of false operations. In addition, the use of cryptography and decentralization in the blockchain avoids censorship and interference by third parties. Each user has full control over their cryptocurrency assets and can perform transactions directly, bypassing intermediaries such as banks or financial institutions. However, it is worth noting that cryptocurrencies are not completely anonymous.

In some cases, when personal information is linked to cryptocurrency addresses, it is possible to identify the user.

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