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Over the last few years, bitcoin has earned a reputation for itself as one of the most commonly used forms of currency when it comes to making anonymous transactions online. However, bitcoin is not as untraceable as encryption may imply. Once touted as an untraceable crypto, monero is now exposed. Monero aims to be a secure, private and untraceable cryptocurrency. Security researchers have always had at least some ability to follow tracks given that blockchain transactions must be transparent for the system to function.
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Bitcoin, which was perceived by many as an anonymous currency or payment mode in its early years, is actually a pseudonymous cryptocurrency.
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