Why reusing addresses Bitcoin threatens the privacy of cryptocurrency?

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2019-03-10 20:15:06

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Why reusing addresses Bitcoin threatens the privacy of cryptocurrency? Source:

is considered «gold standard» of the stock market. However, the project is Satoshi Nakamoto is not the tender with the highest level of anonymity. The appearance of Lightning Network should fix this problem, but the technology is still far from mass adoption throughout the world.

Now, about 54 percent of all transactions in BTC have problems with privacy. According to experts, the lack of cryptocurrency is rooted in a tendency to re-use Bitcoin addresses.

the

No secrets

Usage of the same wallets in the network of cryptocurrency analysts estimated portal 0xt.me. Through the study they were able to set the number of addresses came under control of new owners some time later.

According to the study, the peak of this trend occurred in February 2013 in the network of Bitcoin is reused 77,63% of the addresses. After almost five years their share decreased to 41,34 percent. Also worth mentioning about July 2015. Then there were the sudden increase in value.

See also:

This month, re-addresses are 53,57% of the total number of wallets in the network of cryptocurrency. Note that the tendency to re-use weakens the privacy of the Bitcoin ecosystem as a whole.

Source: 0xt.me

So, this is more serious than the notorious manipulations. Actually, whales are almost no threat of kryptonyte, and therefore the holders of digital assets should pay attention to more real problems.

Today, Bitcoin is trading at $ 3926. For the past day, the cryptocurrency rose 1.7 percent. Subscribe to our there and discuss the situation.

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