Nowadays there is no doubt that blockchain and cryptocurrencies have come a long way in terms of being part of daily lives. This is in spite of the fact there are still several companies in any chosen industry that are yet to embrace the technology. So for example, in the gaming industry, there are many online casinos that utilise blockchain technology like Edgeless Casino, however, others such as PartyCasino are still considering the move.
Now, when we talk about cryptocurrencies and blockchain, one of the main benefits that is often discussed is the fact that people can remain anonymous throughout. However, being active in the digital world, and cryptos and blockchain are a part of that, ultimately means that a digital footprint will be left behind. With transactions involving blockchain being pseudo anonymous, rather than anonymous, here are some tips that will help to guarantee anonymity on blockchain going forward.
When it comes to making transactions that use blockchain, be it on the Bitcoin network or even at an online casino which accepts cryptos as a way to pay, one of the first ways to try and guarantee anonymity is to browse the internet anonymously too. There are a couple of ways to do this, with one of the first being to use a logless VPN. A logless VPN will allow a user to surf the web anonymously without recording their activity, and as shared IPs are also used, it makes it hard to pinpoint the user of the IP too.
Users who wish to remain anonymous on blockchain could also turn to the Tor browser to surf anonymously. The Tor browser, which is said to be one of the most secure around, works by directing internet traffic to random computer nodes on its network before it reaches the desired destination, meaning that it again is incredibly difficult for a user to be identified via their IP address.
Bitcoin is the number one cryptocurrency around and its also one of the main reasons as to how blockchain technology became so popular. However, with bitcoin transactions being recorded and stored on a public ledger, it ultimately means that a public address can be traced back to its origin. Therefore, to remain anonymous in this sense users have turned to mixing Bitcoin as it will break the chain in place with Bitcoin addresses in a couple of ways. Temporary addresses can be created, and Bitcoin can also be swapped with other addresses too, allowing people to stay anonymous on the blockchain.
When anyone uses a blockchain for transactions, it’s the ability to follow the transaction back via its address, which is the problem as everything is stored on a public ledger. However, HD wallets that are in operation where cryptocurrencies such as Bitcoin are concerned allow the user to generate an infinite number of receiving addresses, and they can also change address every time cryptocurrency is received. This means not only would it be hard to trace things back to a specific address, it would also be extremely hard to link groups of transactions to the same person too.