Tag: fungibility

Crypto dusting attack, a hack on cryptocurrency wallets is used to distribute laundered money to the wallets of unsuspecting customers, which in turn, affects their reputation and draws the attention of law enforcement, reports DarkReading on January 8, 2019. A New Way of Distributing Laundered Money According to DarkReading, crypto dusting is a new attack which distributes illegally obtained funds from…

READ MORE

At a time when blockchain technology is getting an unprecedented amount of attention because of cryptocurrencies and their potential to disrupt the global financial system, a different kind of blockchain token is quietly gaining ground. Unlike their flashy exchange-traded cousins, Non-Fungible Tokens (NFTs) do not make headlines for creating and destroying vast amounts of wealth in minutes. In fact, few…

READ MORE

JoinMarket wants to solve the problem of privacy, fungibility, fees, and scalability in bitcoin. It’s an innovative kind of mixing technology which uses CoinJoin. Before a deep dive into JoinMarket, it’s important to understand the CoinJoin method which was proposed by Gregory Maxwell, ex-CTO of Blockstream who quit in January 2018 to work on Bitcoin independently. What is CoinJoin? CoinJoin…

READ MORE

Cryptocurrency communities are often compared to tribes. As a result, it can be hard to objectively compare the different technologies and advantages of each cryptocurrency. To cut through the noise for privacy-focused cryptos, a Google spreadsheet has surfaced on the internet, allowing for users to see differences between different cryptocurrencies. The sheet, titled “Privacy Coin Matrix,” the focus is on…

READ MORE

Bitcoin’s privacy concerns have been a hot topic this year. Due to the cryptocurrency’s pseudonymous status, many newcomers to believe its transactions to be untraceable. However, that is not the case. As all bitcoin transactions are publicly recording on the blockchain, there are various ways in which transaction can be traced by linked users’ public bitcoin addresses to them. A…

READ MORE