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While Bitcoin represents an open and transparent peer-to-peer monetary system, its use hasn’t granted participants the privacy once thought. While Bitcoin is pseudonymous in that the identities of transacting parties are obscured, trades aren’t anonymous – meaning that transaction details and transferred funds are open to all to see.
Those seeking to conduct private transactions can, however, turn to privacy coins – cryptocurrencies that intentionally obscure or obfuscate the details and/or identities of transacting parties.
Originally created in 2014,
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