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That raises an important question for people hoping to use Bitcoin to make anonymous purchases: how easy is it to link them with their Bitcoin transactions? Today we get an answer thanks to the work of Steven Goldfeder at Princeton University and a number of pals. These guys say the way information leaks during ordinary purchases makes it straightforward to link individuals with the Bitcoin transactions they make, even when purchasers use additional privacy protections, such as CoinJoin.
The main culprits are Web trackers and cookies—small pieces of code deliberately embedded into websites that send information to third parties about the way people use the site. Common Web trackers send information to Google, Facebook, and others to track page usage, purchase amounts, browsing habits, and so on.
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Some trackers even send personally identifiable information such as your name, address, and e-mail. In this way, information about a transaction leaks onto the Web, where governments, law enforcement agencies, and malicious users can readily collect and analyze it.
The question that Goldfeder and co investigate is how easy it is to use this information to connect people to their Bitcoin transactions. The team began by listing major merchants that allow Bitcoin transactions. They came up with of them, including Microsoft, NewEgg, and Overstock.
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They then studied how Web trackers leak information from each of these sites during the purchase process. Most of this information leakage is intentional for the purposes of advertising and analytics. But the researchers also say some extra information is also sent. Thereby, also reducing the wealth gaps that exist in our society and creating equal opportunity and a level playing field across the world. Coin XYZ, Inc. Coin is staying the course and creating this new reality for all of us.
They have architected a decentralized network that contains products and services that work cohesively together to solve these problems and empower consumers to manage their wealth. The Coin Exchange, an all-in-one cross-chain P2P decentralized cryptocurrency wallet, exchange, and assistant powered by atomic swap and artificial intelligence AI technology. Coin Exchange includes an integrated cryptocurrency wallet for users to store popular digital assets such as Bitcoin, Ethereum, and more.
For exchanging assets, Coin Exchange leverages atomic swaps which replace the need for any third party involvement.