Bitcoin and traceable?

Many people say that the biticon is not traceable but the biticon is traceable. The techniques for tracking biticon transactions are the same techniques used for tracking emails or other digital information.

There are several blockchain analytics companies capable of writing reports on the state of the network, based on their ability to track bitcoin flows between users.

Bitcoin addresses are the only information used to define where bitcoins are sent and stored, these addresses are created by the user’s wallet, when an address is used it is soon contaminated by the history of all transactions with which they are involved. Anyone can access the balance of all transactions they are involved with. As users of this cryptocurrency usually need to reveal their identity to receive platform services.

A tip for you to protect your privacy and you use a new address every time you receive a payment in Bitcoin new e-mail in addition you can use several wallets for different purposes with this you insulate each transaction that it is not possible to associate them all together. People cannot see what Bitcoin addresses sove have and what you do with them.

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Post Written and created by Bruno Costa