Bitcoin and identity
2014-11-27 15:41:09.205621+00 by Dan Lyke 3 comments
Bitcoin, virtual money: User's identity can be revealed much easier than thought.
In their new study, researchers at the Laboratory of Algorithmics, Cryptology and Security of the University of Luxembourg have shown that Bitcoin does not protect user's IP address and that it can be linked to the user's transactions in real-time. To find this out, a hacker would need only a few computers and about €1500 per month for server and traffic costs. Moreover, the popular anonymization network "Tor" can do little to guarantee Bitcoin user's anonymity, since it can be blocked easily.