A lot of people want to shuffle BTC in order to get the best protection. If you think about it, using this type of approach does make a lot of sense. The last thing you want is to deal with a lack of protection online. That’s where the need for a bitcoin mixer comes into play. It allows you to confuse the trail for your coins. This way you get to keep your money safe without having to worry about someone else tracking them or your personal information.
Most hackers are trying to identify the taint of bitcoin transaction and personal data. You want to avoid any issues as much as possible. But you can’t really do that all the time. Yet with a good approach and focus, you can do that. And that’s the reason why trying to use a bitcoin mixer makes a lot of sense. You can shuffle BTC in no time with such a system and it totally works the way you want it.
How does the bitcoin mixer work?
Follow these simple steps to mix your BTC:
Bitcoin is a cryptocurrency which is now used worldwide. It was basically known for its anonymity and safe transactions. In the very beginning, people often used Bitcoin for transactions because it was considered safe and anonymous. But to be honest, it really isn’t.
All the bitcoin transactions are permanently stored on the network, which clearly indicates that anyone can see your transactions and balance of the Bitcoin. Anonymization is never possible with such developed technology.
According to Satoshi Nakamoto, the founder of Bitcoin currency:
“The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin addresses you use. If you post your bitcoin address on the web, then you're associating that address and any transactions with it with the name you posted under. If you posted under a handle that you haven't associated with your real identity, then you're sti...
Anonymity was what originally made Bitcoin famous as a digital currency. Born out of the 2008 financial crisis, the idea of a currency which couldn’t be tracked (or outright confiscated) by banks and governments caught on fast.
Sadly, the true anonymity benefits of Bitcoin have since been undermined significantly. The good news, however, is that anonymous forms of cryptocurrency now exist, which are far superior to Bitcoin in terms of speed, affordability, and price stability.
Monero - The Cryptocurrency Designed for Anonymity
The top spot for the most anonymous cryptocurrency in 2018, belongs indisputably to Monero.
Using what in cryptocurrency development circles are known as ‘cryptographic ring signatures,’ Monero adds complete stealth and 'unlinkability' to XMR transactions. This means that even if authorities are aware of a Monero wallet address, no one can independently verify a wallet balance, nor see whom funds are sent and received between.
Dash Coin - The ...