Is Bitcoin an Anonymous Currency? | Blockchain Central

The video explores the concept of anonymity in Bitcoin, highlighting that Bitcoin is pseudonymous rather than truly anonymous. It explains how Bitcoin transactions work and the potential for deanonymization through techniques like transaction graph analysis and networking layer analysis. The video emphasizes the importance of understanding these aspects to maintain privacy and suggests best practices for using Bitcoin securely.

What role do service providers play in the potential deanonymization of Bitcoin users?

How can the broadcasting process in the peer-to-peer network affect user anonymity?

What best practices should users follow to maintain their privacy when using Bitcoin?