Carlo
Fri Jul 19 2024
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5 answers
819
What is a cryptocurrency Public Ledger?
Could you elaborate on the concept of a <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> Public Ledger? In simple terms, how does it function and what role does it play in the cryptocurrency ecosystem? I'm curious to understand how it differs from traditional financial ledgers and what unique advantages it brings to the decentralized world of cryptocurrencies. I've heard terms like 'blockchain' associated with it, so is the Public Ledger essentially a blockchain-based system? Please explain in a concise yet comprehensive manner.
RiderWhisper
Thu Jul 18 2024
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6 answers
1361
Is cryptocurrency a Public Ledger?
Could you elaborate on whether <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> functions as a public ledger? The term 'public ledger' suggests a transparent and accessible record of transactions, which is often associated with blockchain technology. Does cryptocurrency, specifically, operate on a blockchain that allows for the public scrutiny of all transactions? If so, how does this public ledgering mechanism contribute to the security and trustworthiness of cryptocurrency systems? And are there any privacy concerns or limitations that arise from this public ledger nature of cryptocurrency?
alexander_clark_designer
Fri Jun 07 2024
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7 answers
1343
Can the IRS see your crypto wallet?｜. Transactions are recorded on a public ledger, making them accessible to anyone, including government agencies. Centralized exchanges provide customer data, such as wallet addresses and personal information, to the IRS.Yes, Bitcoin and other cryptocurrencies can be traced
Could you clarify for me if the IRS has the capability to access my crypto wallet? I understand that crypto transactions are recorded on a public ledger, meaning they're accessible to anyone, including government entities. Additionally, does this mean that centralized exchanges share customer data, like wallet addresses and personal details, with the IRS? So, am I correct in assuming that Bitcoin and other cryptocurrencies can indeed be traced?
AzrilTaufani
Fri Jun 07 2024
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5 answers
1347
Can the IRS track your crypto?｜. Transactions are recorded on a public ledger, making them accessible to anyone, including government agencies. Centralized exchanges provide customer data, such as wallet addresses and personal information, to the IRS. Yes, Bitcoin and other cryptocurrencies can be traced
Could you please elaborate on the IRS's ability to track cryptocurrencies? Given that transactions are recorded on a public ledger, does this mean anyone, including government agencies, can access them? And how does the IRS obtain customer data like wallet addresses and personal information from centralized exchanges? Finally, is it true that Bitcoin and other cryptocurrencies can indeed be traced?
