#bitcoinprivacy

The website is available in 11 languages, making it very easy to use by all users worldwide. Coinomize is available on both computers and mobile/ smartphones while there is an android app link is also available on the website. With the Coinomize Android app, you can protect your Bitcoin transactions at any time from anywhere in the world.

Is Bitcoin really private? 😳 @bitintro explains for you - Bitcoin is per se private on the base layer since wallets and addresses are just random strings of numbers and letters and not automatically linked to the identity of the user. - However, if you use a KYC exchange or somehow expose your identity all transactions made from there on can be linked to your identity. - This means all present and future transactions can be tracked as they are publicly accessible stored on a shared ledger. - So called mixing services or coinjoins help to improve privacy by combining transactions from random people to break the blockchain analysis. - Do you use mixing services for privacy? 💁‍♂️ - ❤️ Double tap if you find this post valuable ⭐️ Save the post for later ✅ Follow us for real Bitcoin knowledge @bitintro . . . #bitintro #bitcoin #bitcoinprivacy #privacy #bitcoineducation #crypto #hodl #stacksats #krypto #kryptowährungen #datenschutz (at Vienna, Austria) https://www.instagram.com/p/B_2n4VtgWQ-/?igshid=r8darjqo1k2f

The developers behind a bitcoin privacy solution called Dandelion have unveiled a new roadmap that addresses previously discovered code issues. Originally launched in January, Dandelion modifies the bitcoin network's payment protocol to conceal the original IP address behind a transaction. It does this by breaking that transaction into two parts, nicknamed the "stem" and the "fluff." The "stem" is the single transaction itself, while the "fluff" is an obfuscation method that occurs after the fact. The proposal was originally opened up for scrutiny as a Bitcoin Improvement Protocol (BIP) back in June, but issues were discovered that ultimately delayed the project. As pointed outby Bitcoin Core contributor Greg Maxwell, various faults in Dandelion could lead to its deanonymization over time. Now, the Dandelion team has come forward to present a strategy for addressing those problems. An improved Dandelion BIP may still be a while away, though, according to those involved. "We have not yet completed a reference implementation, so this update does not include a new BIP. Instead, we’re just outlining the steps we plan to take before an updated BIP," one of the developers, Giulia Fanti, said in an email. https://www.coindesk.com/bitcoin-developers-reveal-roadmap-dandelion-privacy-project/

Essentially, CoinJoin lets multiple users combine all inputs and outputs from several transactions into a single, big transaction. This single transaction spends bitcoins from different addresses to different addresses – and since none of the sending addresses pay none of the receiving addresses specifically; there's no link between any of them. (This can be compared to a group of people who throw their cash together and go shopping. While everyone could make sure no one spends more than they should, the shoppers wouldn't necessarily spend the exact bills they originally put into the shared wallet themselves.) In Bitcoin, this can be accomplished perfectly securely. All inputs require a corresponding signature from their respective owner, while the content of a transaction cannot be changed after a signature is added. As such, participants of a CoinJoin transaction simply announce which inputs and outputs they want to include in the transaction, and sign the aggregate only if these inputs and outputs are correctly included. Once all participants have signed (and only once they have signed), the transaction is broadcast. https://bitcoinmagazine.com/articles/coinjoin-combining-bitcoin-transactions-to-obfuscate-trails-and-increase-privacy-1465235087

However, the most interesting comment came about an hour and a half into the conversation. One of the companies was discussing a situation where it was conducting enhanced due diligence to learn more about the origination of one of their customers’ funds, and one of the members of parliament interrupted by saying the information requested was too far reaching and an invasion of privacy. Although comforting, this was probably the last thing I ever thought I would hear from a politician. http://www.forbes.com/sites/jonathanchester/2016/03/01/when-the-european-parliament-called-to-talk-about-bitcoin-my-first-vacation-in-years-had-to-wait/#4a6afbc9601a