Nowadays, unique high-tech Bitcoin tumblers that thoroughly confuse the traces of transactions are used to prevent unauthorized persons from tracking the movement of funds. Here is more about it.
Is it possible to remain anonymous?
Bitcoin is one of the most expensive and popular cryptocurrencies. With its help, you can make almost any transaction: pay for services and goods, transfer funds to any person in any country. For a long time, the owners of Bitcoin believed that all transactions associated with it were entirely confidential. They were calm about any information regarding these operations, ensuring no one would find out about them. But the governments of many countries today are developing various blockchain analyses that allow them to discover details about each crypto transaction quickly. All anonymity just disappears in a moment. It entails many inconveniences and problems. The main problem is related to cybercrime. After all, if the state has similar algorithms, then professional hackers may also have them. And here, the question may concern enormous sums of money. In this case, the Bitcoin tumbler is the solution to the problem.
A blender or mixer is a protocol that increases the privacy of transactions. The most popular solutions are:
- BitMix
- Yo!Mix
The algorithm of actions
Bitcoin tumblers work on a relatively simple principle. User payments are divided into small parts and actively mixed. As a result, a large set of coins is created, which are sent to recipients in random order. Thus, the required amount is credited to the account through Bitcoin Blender, however, in a few small transfers from participants who remain anonymous. For a small commission, they provide an opportunity to increase the confidentiality of financial transactions conducted with cryptocurrencies significantly.
To make tracking the movement of funds even more challenging, you can run specific parts through the Bitcoin mixer again and use the pending transaction mode.