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Anonymity Feature of Blockchain

Anonymity is the second most important feature of blockchain assets, after decentralization.

Anonymity is the phenomenon in which individuals hide their personalities in depersonalized groups.

Blockchain anonymity means that others cannot know how much assets you have on the blockchain, and with whom you have made transfers, and even anonymously encrypt private information.

Cryptography

The blockchain uses cryptography to ensure the security of data transmission and access, and account identities are highly encrypted in the blockchain. The identity of each account is replaced by cryptographic characters. Others can know the information of this account, but do not know the identity corresponding to the account.

Therefore, the two parties to the transaction in the blockchain will not know any private information of the other party, and the transaction is carried out without the real name, so the blockchain is anonymous.

Anonymity Features

To be precise, the anonymity feature of blockchain refers to non-real names. We can understand by making a distinction. Anonymity means that no one knows your identity, and there is no identity and information that matches the individual. Non-real name means that you have a virtual identity, and others know about this virtual identity. information. Blockchain belongs to the latter.

At present, the anonymity feature of blockchain is still mainly used in the field of digital cryptocurrency, but the anonymity feature is a double-edged sword for digital currency.

On the one hand, when users use digital currency for transactions, the anonymity feature of the blockchain can protect users from leaking their personal privacy.

On the other hand, anonymity may involve illegal transactions, and users who conduct illegal transactions will also be protected by blockchain anonymity, and it will be difficult for law enforcement agencies to identify the culprit.

We advocate the right to privacy when dealing with citizens, but we strongly reject illegal transactions.

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