Which cryptocurrency, bitcoin or monero, is more suitable for anonymous transactions?

1 answers

• Megha NagarJan 26, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can confidently say that Monero is more suitable for anonymous transactions. Its privacy-focused features, such as ring signatures and confidential transactions, make it extremely difficult to trace transactions back to their source. Bitcoin, on the other hand, is pseudonymous, meaning that while transactions are recorded on the blockchain, the identities of the parties involved are not directly linked to their real-world identities. However, with the right tools and analysis, it is possible to trace Bitcoin transactions. Therefore, if you want truly anonymous transactions, Monero is the better choice.
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