Is Bitcoin fully anonymous?

Bitcoin is not entirely anonymous. Each user has public address that can be tracked theoretically, through proper network analysis.

Bitcoin are stored in wallet and wallet have your personal data.

When we transfer bitcoin, a message is broadcast In public about the transaction, we declare that bitcoin in been exchange so that miner can confirm our transaction and put it in the bitcoin blockchain network. This data is publicly broadcast and permanently stored on the bitcoin blockchain which has the address from where it came from and amount transfer.

Using this hacker can reach to your wallet and get all personal detail, amount of bitcoin you have, and also have access to see your future transaction.

To remain private though, this thing bitcoin mixing was introduced.

How bitcoin mixer works?

How it maintains our privacy?

That will be explained in the next blog.

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