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What are bitcoin transactions?

Bitcoin transactions are messages that state the movement of bitcoins from senders to receivers. Transactions are digitally signed using cryptography and sent to the entire Bitcoin network for verification. Transaction information is public and can be found on the digital ledger known as the 'blockchain.'

What is bitcoin & how does it work?

Bitcoin is a digital assets infrastructure powering the first worldwide decentralized cryptocurrency of the same name. All of Bitcoins’ addresses and transactions are available through a public ledger called a blockchain. Through blockchain analysis, transactions and addresses can be easily analyzed.

Is bitcoin traceable?

However, this is not the case. Bitcoin, contrary to popular belief, is traceable. While your identity is not directly linked to your Bitcoin address, all transactions are public and recorded on the blockchain. So, while your name is not attached to your address, your address is attached to your transaction history.

What are the benefits of using bitcoin tracking software?

Among the benefits of using tracking software, Bitcoin users should consider the ability to identify suspicious transactions in real time. In a space where people can use the blockchain to commit financial crime, host pirated content, and store illegal downloads, such tools could help to maintain the integrity of the network.

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