Post
Topic
Board Bitcoin Discussion
Re: Russian tool will make your transactions transparent
by
avikz
on 18/08/2020, 08:02:15 UTC
According to Cointelegraph developers from Lebedev Physical Institute have successfully developed a prototype of new crypto analytics system called "Transparent Blockchain".

They claim this system effectively uses artificial intelligence to reduce anonymity of transactions in blockchains like Bitcoin, Ether, Omni, Dash and Monero.

In essense, the system enables blockchain analysts "to track the movement of digital financial assets and identify crypto service providers to fight illicit activity related to digital assets".

What do you think? Should we be worried?

If you aren't doing anything illegal - I see no reason for worrying!

But if the system designed by Russian company can effectively track the movement of the crypto assets, the hackers should be worried more because they obtain the crypto assets through their wrongdoings. I belive we need more such surveillance tools in crypto market so that the hacking and scamming incidents are reduced. Otherwise we are going to a very wrong direction right at this moment.