30 Nov '14, 3pm

Luxembourg Researchers Find a Way to Unmask Bitcoin Users

Luxembourg Researchers Find a Way to Unmask Bitcoin Users

Updated: November 30, 2014 at 5:15 pm CET. One of the older Cray Supercomputers used by the NSA to break ciphers. One of the stated strengths of Bitcoin has, from the beginning, been its ability to provide anonymity and a sense of security on the same level that cash transactions do. When one spends and is paid in cash, the only real record of the transaction which ties the spender to the cash spent is in the spender’s possession and recording of a receipt. Bitcoin works in much the same way although a verifiable ledger called the Blockchain exists to keep the system in working order. That is, the Blockchain can be used to verify that X coins were received by Y address, and thus Y has the ability/right to spend X with Z. Also Read: BitMessage Independent Security Review Coming Soon All of this could be about to change thanks to some Cryptographic researchers in the tiny co...

Full article: https://www.cryptocoinsnews.com/luxembourg-researchers-un...

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Bitcoin Anonymity: There's a Way For Hackers To Find Out Your IP Address - International

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