We are pleased to announce Ethereum Mixer functionality on kutbit.com that will help to dissociate your wallet from your transactions.
Click on the link to go to the Ether Mixer now.
Ethereum Is Not Anonymous
Ethereum was not designed to be anonymous unlike some privacy coins. This makes it difficult for the privacy of the individual owner of the wallet to be guaranteed. In effect, this means that a serious analysis of the Ethereum blockchain can see all the transaction to and from a wallet, essentially defeating the principles behind decentralization.
We should bear in mind that apart from the fact that digital currencies bestow a measure of independence on the owner through the elimination of middlemen, it also had the objective of making people to take control of their financial concerns without the need of third parties such as bankers.
However, this should not be at the expense of the individual’s privacy. This is why the services of an ETH m...
There are many people that think that they can use Bitcoin anonymously since they do not have their personal identities on the blockchain, but this is not correct since Bitcoin can easily be tracked back to the owner due to its permissionless protocol.
This is why it is essential that users take advantage of anonymous wallets when the need for privacy is paramount. This is one of the very few paths to take in IP obfuscation while using Bitcoin. In other words, you can have your link to the coins and their sources ‘mixed’ so that blockchain analysis wouldn’t track them back to you.
You may be wondering how this is possible. So in this post, we are going to show you the best anonymous wallets in the market that you can always depend on in a bid maintain your privacy while using bitcoin.
These are the types of wallet that ensures that your public key is not exposed to the public giving you a layer of security. However, the best approach in using anonymous wallets is to send co...
What is Fungibility?
We are all aware that money is fungible. This means that one unit of the fiat is equivalent to one unit of another. For example, if you borrowed $1 from me and later returned another $1, I wouldn’t be concerned that it wasn’t exactly the dollar bill that I gave you that you returned. Obviously, you must have spent it by passing it over to someone else. This is what is meant by the fungibility of money or the fact that it is fungible.
However, we are aware that there have been issues with cryptocurrencies such as Bitcoin in terms of fungibility. This is why the issue of tainted bitcoin has become a recurring problem in the coin market. For instance, what happens if a cryptocurrency development team flags hacked coins as seen with the Coincheck hack of NEM tokens? The result is that it negated the fungibility of the token.
Even as the debate has been going on, many believe that the fungibility as a feature of money must be applied...