Post
Topic
Board Bitcoin Discussion
Re: Challenging Privacy in Bitcoin!
by
Crypto Library
on 16/11/2023, 20:01:36 UTC
But here comes the most intriguing question: is the level of privacy provided by these tools enough to protect our identities and activities in the digital world? Or should we be focusing on developing new solutions and improvements to further safeguard our privacy in the Bitcoin ecosystem?
First of all I personally think that bitcoin's decentralized system primarily protects privacy and anonymity. Here primarily a person can remain anonymous using Bitcoin if he can properly hide his privacy from others like Don't Reveal Bitcoin Address.
Moreover, Bitcoin Mixing Service plays a big role in remaining anonymous, it works much like erasing the footprint. Where transactions from one wallet to another are visible, the mixing tools provide a  veil on this. Things must be done in the right way because there are many mixers who have had their gateways seized due to money laundering. Moreover, I think these mixing tools can provide enough anonymity as per the current situation, but I would also say that there is no end to the improvement.