COMPUTER SCIENTISTS STRENGTHEN BITCOIN ANONYMITY WITH COINSHUFFLE

Bitcoin has many things going for it, relative to the current fiat currency system, and compared to any other digital currency on the market. Bitcoin is not perfect, though, and there are issues that many critics and users, would like to see improved before it can become a mainstream staple of global economics.
One issue that is commonly mentioned is the pseudonymous nature, in that transaction can be traced, but anyone savvy enough, back to their originators. Governments like to be able to trace everything any person does. Many owners would like more privacy to be available, as every transaction isn’t for public consumption. And who knows who can trace that information, and for what purposes that would be used against the individual in the future. Solving this can help prevent fraud and increase user confidence in the Bitcoin technology and Blockchain.

This post was published at Crypto Coins News on January 27, 2015.

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