#bitJob #STU #StudentMarketplace General practices for crypto exchanges and blockchain can be known as KYC, or Know Your Customer. This practice helps prevent evil actors from saving and moving money. Cryptocurrency has the advantage of being uniquely difficult to track between currencies. Trading these coins is a faceless transaction with little more than just an address to a digital wallet that signifies ownership. A single criminal can generate thousands of these addresses to move funds if they want. You can see the address, and how many Bitcoin at that address, but the identity of the owner? Anonymous, even though it turns out, is only pseudo-anonymous. Criminals can make mistakes. Tracking IP addresses to identify the owner of a specific Bitcoin address is possible. if Bitcoin is only pseudo-anonymous, how can criminals wash their crypto currency better? Apparently, the answer remains simple. Monero is a privacy coin that obscures individual transactions in groups, so it is not possible to see which individual addresses. If someone can transfer stolen Bitcoin to Monero, then they can release Scott free because after that point, there are no more traces to follow. ✔✔ Every student must still look for his weak points.
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