Blockchain

Story: Blockchain Forensics Can Help Identify the True Identity of the People in the…

By Steven Anderson

1 / 10

Bitcoin and significant Altcoins are continuing to oscillate in ranges.  On Tuesday, the overall capitalization of crypto assets in circulation increased from $273 billion…

2 / 10

Cryptocurrency mixers, also known as tumblers were on the news after the news about the European Regulators shutting down of such services.

3 / 10

Those who were stakeholders in the platform stated that it was an overreach by the government.

4 / 10

When discussing anonymity of the cryptocurrencies, Vitalik Buterin, stated that on-chain mixing service would be a solution for anonymization for those who are willing to keep…

5 / 10

However, there is nothing called anonymous; it is pseudonymous.  The transactions with cryptocurrency happen without the interference of a third party.

6 / 10

When a third party is involved, the identity of both parties will be well-known to the third party validator.

7 / 10

Blockchain forensics can help identify the true identity of the people involved in the cryptocurrency transactions.

8 / 10

There are cryptocurrencies which provide with near-perfect anonymity.  They obscure every detail of the transaction, including amount, address, and almost every aspect of…

9 / 10

The transaction mixers are highly anonymous; they make use of high-anonymity consensus protocols like the zero-knowledge proofs (zk-SNARKs) to create complete obfuscation of…

10 / 10

Cryptocurrency should be ultimately converted to fiat or conventional currencies by those who accept it or transact using it.

The Currency Analytics

Want the full story?