The security and confidentiality of data when making financial transactions with cryptocurrencies is one of the most important aspects in the industry.
💡The idea of BTC creator Satoshi Nakamoto was the following: free use of digital assets without the need to provide any data about yourself. No KYC - no problem.
Bitcoin was the first, then anonymous 🤫cryptocurrencies (Dash, Monero, etc.) has appeared. Their distinctive feature was ensuring the maximum confidentiality in financial transactions.
❌But the other side is also on the move. More and more often there is news about the development of ANTI anonymous technologies. For example, recently the company CipherTrace presented a tool for tracking the movements of the Monero (XMR) cryptocurrency.
As cryptocurrency becomes more popular these technologies are also developing.
✅Fortunately, Z-Pay cheque is solving this problem today. Due to a simple anonymous account with a limited validity period, there is no information about the financial transaction left.