Bullet-Proof Crypto Mixer ‘’PenguinX’’ Brings Anonymity to Bitcoin | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Bitcoin was born with the intention of having a currency free from the control of banks and governments. However, Bitcoin and most other cryptocurrencies are transparent and can be subject to analysis techniques that destroy users’ privacy. To avoid this type of surveillance, PenguinX has developed a Bitcoin mixer that uses artificial intelligence to protect the privacy of Bitcoiners around the world.
Privacy in the Digital Age
Bitcoin is neither completely anonymous nor completely transparent. Bitcoin’s privacy lies in a gray area that depends solely on user domesticity. Depending on the level of experience and the tools used, the traceability of transactions can be increased or reduced. Consequently, experienced users will be able to obtain a high level of privacy, while less experienced users will be satisfied with less sophisticated use.
The problem, however, lies in the fact that many of those who use Bitcoin believe that the cryptocurrency is anonymous by design. This misconception usually leads to superficial use of the asset and leaves traces that can lead back to the identity of the users, although there is typically no mapping between users’ cryptographic key pairs and their real-world identities. However, privacy is a fundamental human right especially in places where people live under authoritarian governments,