how anonymous is bitcoin coinbase cartoon Bitcoin is a digital currency that is quite well-known already, mainly due to various reasons. Upon introduction, bitcoin gained prominence due to its unique features. Bitcoin was believed to be anonymous, mainly due to its decentralized protocol and high standards of encryption. Except for a sequence of characters, the bitcoin network doesn’t have any other unique features that render the user readily identifiable. These special properties made bitcoin popular amongst the deep web users. The extensive use of bitcoin across the deep web users, followed by the emergence and fall of Silk Road, helped bitcoin gain more prominence. While most of us understand bitcoin and how it “ticks”, there have been other digital currencies with their own set of features. Some of them were introduced way before bitcoin and there are few that emerged following bitcoin’s birth. However, not many could withstand the test of time and there are few that still exist in a form different from the original. Comparison between bitcoin and other digital currencies. cryptocurrency table The list of digital currencies that have come and gone is extensive. The ones listed above have had significant number of users and had to extensively be reported upon. They are different from each other in their own ways and they have had their share of controversies. Similarities All these have one thing in common. Unlike fiat currencies, they are all digital currencies and they are community driven. Each of them, except for Linden Dollar has/had certain degrees of anonymity associated with it. However, some of them didn’t last long, in spite of widespread adoption due to technical, legal and regulatory complications. Anonymity Bitcoin is considered to be completely anonymous. But in reality, it is pseudonymous, meaning it offers partial anonymity. with enough determination […]
