259

How a 27-Year-Old Codebreaker Busted the Myth of Bitcoin’s Anonymity (www.wired.com)

submitted 10 months ago by kalkulat@lemmy.world to c/technology@lemmy.world

89 comments fedilink hide all child comments

"This is the story of the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system."

you are viewing a single comment's thread
view the rest of the comments

[-] prole@sh.itjust.works 21 points 10 months ago

Monero is fucking genius actually, I recommend reading about the cryptography and mathematics behind it, it's actually incredible.

Basically, they've created a way to make the entire thing opaque. Even the people sending the coin are unable to identify the person they're sending to.

I don't hold any Monero, because I don't see it as a good investment (no way governemnts allow something that powerfully opaque to thrive), but I respect the technology.

[-] tourist@lemmy.world 9 points 10 months ago

I recommend reading about the cryptography and mathematics behind it

Could most people understand it if they took the time or did the white paper require several niche latex packages to compile

this post was submitted on 19 Jan 2024

259 points (85.3% liked)

Technology

59670 readers

2259 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS