Bitcoin’s Myth of Anonymity and the Rise of Other “Anonymous” Cryptocurrencies

Introduction Many cryptocurrencies tout their “anonymous” qualities and lure users with general promises of untraceable transactions. Users of cryptocurrencies seek anonymity, not necessarily because they want to deal in illegal activity (although there are plenty of criminals turning to digital currencies to hide transactions) but because they desire privacy and security in knowing that they control the release of their personal data and spending history. Bitcoin has gained the most traction as a digital currency Continue Reading →