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Operational transparency is one of the key features of blockchain technology. Because of the decentralized nature of Bitcoin’s blockchain, all transactions can be transparently viewed by either having a personal node or using blockchain explorers that allow anyone to see transactions occurring live. Each node has its own copy of the chain that gets updated as fresh blocks are confirmed and added. However, transparency is not always guaranteed in the cryptocurrency market. According to Entrepreneur, transparency primarily involves two areas: proof of solvency and proof of legitimate trading volumes. The vast majority of cryptocurrency exchanges actively engage in wash trading and report fake volumes, which makes transparency a cardinal issue in the exchange ecosystem.

What do you think about the importance of operational transparency in the cryptocurrency market? Do you think it's necessary for cryptocurrencies to be transparent?🤔