Is it possible that a person on the bitcoin network cannot be tracked?
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2 Answers
Yes, this is true. Because one person can generate new public and private key for each transaction. Bitcoin coin Blockchain provides anonymity.
However, it's just possible if we are working proactively. Means Don't share confidential information regarding transactions or accounts with people. Moreover, as I already said, generate new addresses for each transaction. In addition, there are enormous best ways of being proactive on the bitcoin network. This article would be helpful regarding learning the best ways.
I was studying, no one can track a person on the bitcoin network. Is that true?
Users can be tracked IF they don't follow the best practices. Although lot of on-chain analysis and investigation works on assumptions.
How?
- Every transaction on-chain has lot of information associated with it including address, amount, type of transaction etc.
- Not every user runs their own full node with tor
- Some users share information related to transactions on social media
Best practices:
- Use non-kyc non-custodial exchanges
- Use full node with tor
- Do not share information about transactions on social media
- Use coinjoin, payjoin etc.
- Do not reuse addresses