- The privacy and anonymity are defined as follows:
- Privacy can be defined as a state in which a person (or a corporate entity) can hide information about themselves from others. This can be done for various reasons, which ultimately don’t matter. The idea is that it’s possible, or at least should be. This is becoming enforced by laws, such as GDPR, or any number of privacy acts and laws
- Anonymity, can be described as hiding a persons true identity from others without hiding or censoring their activities.
- The three main cryptocurrency transaction methods are as follows:
- Finalize Early: Is a payment method, in which a vendor requires receipt of payment before dispatching the purchased goods. The risk is on the buyer's end, but it also expedites the transaction due to little or no risk on the vendor's side (this...
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