How to protect your identity in the crypto world?

Identifying the people behind cryptocurrency transactions requires both technical expertise and tactical investigations. Digital footprints need to be protected, and someone needs to be able to track, trace and analyze the flow of money. The solution is the usage of Bitcoin tumblers.

A short history of Cryptocurrencies

The Internet contributes to the development of secure Internet practices due to its openness, transparency, flexibility, and ability to change in accordance with the needs of transactions. Privacy remains a major obstacle for individuals, organizations, and industries that care about privacy and individual sovereignty. Paradoxically, we use a publicly available, easily traceable ledger to create a system where private data security is achieved. However, it is worth following the history of cryptocurrencies and their development.

At one time, blockchain was created to eliminate centralized authorities that concentrate too much power in their hands and replace them with decentralized mechanisms built into the system itself and subordinated to distributed user nodes. Therefore, ensuring privacy is just the next step in improving the current blockchain protocol.

The main benefits of Bitcoin Tumblers

In essence, the blockchain is a special digital contract, with the help of which a specific person directly transacts with another person and invoices him. In this case, information about transactions is stored in a computer network, which includes the computer of the buyer and supplier carrying out the transaction, including the computers of other network participants.

The technology of bitcoin tumbler can really protect the data we work with while making it more accessible and transparent. In addition, the blockchain can significantly reduce costs and minimize the time required to resolve emerging problems and eliminate errors. Bitcoin Tumblers can use various obfuscation methods, such as:

  • delaying transactions;
  • routing transactions through different wallets;
  • using different denominations to further obscure the source and destination of funds.