BitFury Fights Anonymity on the Bitcoin Blockchain in the Name of Security

[kreslik.news]

Bitcoin mining giant and transaction processing company BitFury Group has issued a white paper about tackling anonymity on the Bitcoin blockchain. It focuses on the popular transaction tangling techniques of ‘shared send’ and presents an approach to detect usage of ‘mixing’ schemes.

Acknowledging that these anonymization techniques could be utilized innocuously, nevertheless BitFury explains: “They are frequently used by bad actors, such as ransomware developers and hackers targeting Blockchain services, in an attempt to obfuscate their activity.”

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Calling the white paper a breakthrough analysis, BitFury’s researchers say it demonstrates that a substantial part of shared ... (read more)