Hello.
Bitcoin is not an anonymous cryptocurrency.
It is best to buy Monero or Dash - they are anonymous.
If you bought Bitcoin, then it is best to wash (clean) the cryptocurrency in a reliable mixer.
Anonymous cryptocurrencies in 2023. How do they work and what are they eaten with?
The blockchain is called a glass safe, where all transactions are locked, but at the same time in full view of everyone. This works with Bitcoin, but there are several altcoins that can provide privacy to their owners.
A little history.
Satoshi Nakamoto claimed that his cryptocurrency is anonymous. As it turned out later, by this definition, he meant the user's ability not to provide any personal data at the time of receiving a digital coin. If today, as before, bitcoins were mined only through mining, then the cryptocurrency would really be anonymous.
However, due to the rules established on major exchanges, many bitcoin addresses can be linked to real people. In addition, due to the special properties of the blockchain, you can get actual confirmation of how much the owner of one wallet sent to the owner of another. And also find out the specific amount of funds that is on a particular account.
Last year, Bitfury specialists said that they can reveal the identity of more than 16% of all owners of bitcoin addresses. A few years earlier, a group of CryptoLux developers conducted a study on the anonymity of transactions in the bitcoin network and proved that it is possible to successfully deanonymize up to 60% of addresses. In their work, they showed the possibility of linking a bitcoin account to the IP addresses of users, even if they use the Tor network or other similar programs.
The lack of complete privacy was one of the disadvantages of the first cryptocurrency, and this prompted many developers to create new anonymous altcoins.
Advantages and disadvantages of anonymous cryptocurrencies.
Anonymous coins are peer-to-peer payment systems with their own internal unit of account. Their main goal is to ensure complete confidentiality of financial transactions using special technologies and cryptographic protocols.
The developer of the main anonymous cryptocurrency Monero, Ricardo Spagni, believes that the digital industry needs financial privacy. Otherwise, at best, the market will be flooded with targeted advertising based on consumer preferences, and at worst, crimes will begin against individuals with a large amount of cryptocurrencies (after all, almost everyone can find out the balance of someone else's bitcoin wallet). However, with the advent of anonymous coins, the number of fraudulent attacks and financial fraud has only increased. With the help of private tokens, hackers were able to hide the movement of stolen funds from cryptocurrency platforms and digital wallets.
There is a well-known case of spreading malware called Wannacry. The program blocked all files of user computers and demanded to pay a ransom of $300 in Bitcoin. This virus has infected more than 200,000 computers in almost 150 countries. One research team managed to track the activity of several bitcoin addresses associated with Wannacry. As a result, it turned out that hackers exchanged bitcoin for Monero, so further movement of coins was impossible to verify.
The Financial Services Agency of Japan (FSA) has banned anonymous cryptocurrencies and stopped trading Monero, ZCash and Dash on exchanges. Also last summer, a representative of the US Secret Service, Robert Novi, asked the US Congress to take the necessary measures to counter the use of anonymous altcoins in criminal activities.
How popular Anonymous Cryptocurrencies Work
Monero is so far the only coin with which all transactions are anonymous by default. Other cryptocurrencies require setting up certain functions to perform confidential transactions.
Dash - Cryptocurrency developers used the PrivateSend token shuffling mechanism, which allows you to send coins anonymously. Dash shuffling occurs due to random masternodes that hide the connection between the sender and receiver. A masternode is a type of cryptocurrency node that is responsible for encrypting data during operations with coins.
Best solution
One of the very popular options for anonymizing cryptocurrency is mixers or CoinJoin. This is not a specific coin per se, but a program that combines multiple transactions to create a single transaction.
In the process, a single transaction is divided to send the corresponding amounts to each recipient. In other words, the cryptocurrency that each recipient will receive will be received from a combination of senders, and not from a single participant.
Result
If you want to be anonymous on the web, never link your address to yourself, do not post the address for collection, etc. Mixers will always be up-to-date and you can trust not all, but verified sites/resources. Now the sites are dangerous, I always use Telegram and a proxy, which allows me to be safe when exchanging and receiving money anonymously.
