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Independent researchers at Princeton University have revealed that they can identify the names of users behind Bitcoin transactions.
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“Based on tracking cookies, the transaction can be linked to the user’s activities across the web. And based on well-known Bitcoin address clustering techniques, it can be linked to their other Bitcoin transactions,” they wrote.
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More and more shopping Web sites accept cryptocurrencies as a method of payment, but users should be aware that these transactions can be used to deanonymize them – even if they are using blockchain anonymity techniques such as CoinJoin.
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The researchers suggest other cryptocurrency projects for those who are looking for higher levels of security, such as Zcash and Monero as possible alternatives to Bitcoin.
https://www.helpnetsecurity.com/2017/08/21/identify-users-behind-bitcoin-transactions/
Related:
Big Banks Vow To Destroy Bitcoin - Is there hope for Steemit?
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