Can national numbers be used to track cryptocurrency transactions?

3 answers

• Rohan phegadeJun 26, 2022 · 3 years ago
  Tracking cryptocurrency transactions using national numbers is not possible. Cryptocurrencies are designed to be decentralized and anonymous, making it difficult to trace transactions back to individuals. National numbers, such as social security numbers or national identification numbers, are not directly linked to cryptocurrency transactions. Therefore, they cannot be used to track or identify specific transactions or individuals.
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• KAMS KAMSJun 27, 2021 · 4 years ago
  No, national numbers cannot be used to track cryptocurrency transactions. Cryptocurrencies operate on a blockchain technology that ensures privacy and anonymity. Transactions are recorded on a public ledger, but the identities of the parties involved are not disclosed. National numbers are not tied to cryptocurrency transactions, and therefore, they cannot be used to track or monitor these transactions.
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• keratiloe sesingJan 09, 2024 · 2 years ago
  As an expert at BYDFi, I can confirm that national numbers cannot be used to track cryptocurrency transactions. Cryptocurrencies like Bitcoin and Ethereum operate on a decentralized network, which means that transactions are verified and recorded by multiple computers around the world. This decentralized nature ensures the privacy and security of transactions, making it nearly impossible to trace them back to individuals using national numbers or any other personal identifiers.
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