Ninjastic
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Board Bitcoin Discussion
Re: What is privacy ? Why does it matter
by
Pursuer
on 28/01/2018, 07:58:53 UTC
Quote from: jzone23 on January 28, 2018, 07:11:37 AM
Quote from: crptomoon1001 on January 28, 2018, 06:49:36 AM
People have been talking about privacy being a very big deal in blockchain transactions. Can you help me understand how will privacy help ? Preferably give an examaple to explain better. Thanks

Privacy or anonymity just like how it is defined in dictionary dude. In blockchain transaction we are not required to provide our personal information enable to proceed with our transaction. Do you want your transaction be an open ledger to public?

actually there are multiple concepts which are very similar but differ in some aspects.
privacy, anonymity, confidentiality and security are the ones that I can think of. I could not possibly start to explain it in English lol but you can read articles online to understand the difference. like these for example: https://breakthroughanalysis.com/2017/04/14/privacy-vs-confidentiality-vs-anonymity-who-knows/
https://www.privateinternetaccess.com/blog/2013/10/how-does-privacy-differ-from-anonymity-and-why-are-both-important/