I'm here new have lot of queries regarding bitcoins, one of the main concern does bitcoin is privacy protected or not. As per my search bitcoin have less privacy. Each transaction is recorded on a distributed public ledger, i.e., on the blockchain, making users switch from bitcoin to other cryptocurrencies. People trust bitcoin because they have heard of a misconception that says bitcoin is a private system. But the reality is completely different, and users must understand that the bitcoin network is anonymous but not completely private.
This is just based on my search what does your experience said. Specially requested to senior members to elaborate this and help me out if I have mistaken.
First, I don't like it if you only specify senior members to answer. We are open here to anyone, you can become a member in abwha, we understand more about these kinds of things. Because of Bitcoin privacy system, there must have been a lot to learn about it. So anyone can comment to provide their respective responses.
Second, in terms of privacy, there are several categories that cannot be generalized, namely that each transaction block cannot know who and where the owner of the wallet is. Just because it's clearly visible in the ledger doesn't mean you know who owns it. Furthermore, by privacy, I mean the clarity of transactions, not between owners. So as long as and not saying that this address has a real name, it will keep its identity.