Imagine a financial system that's not just public by default, but can't ever be made private, and nothing can ever be removed or deleted. That's how crypto works.
. The latter combines many people's money into one pool and then redistributes it so as to obscure which money is going where. While this process itself isn't inherently illegal or even suspicious, you'd be forgiven for thinking it, but even if they were, it's a cumbersome layer of work that simply doesn't scale.
An obsessed crypto investor with plenty of time on his hands might learn how to manage a dozen crypto wallets, a wallet manager, a mixer, and every other tool needed to stay anonymous. But that's work the average person simply can't be expected to do on their own.A key component to keeping crypto activity anonymous is to avoid tying transactions to any identifying information. Which means NFTs, by their nature, can fundamentally undermine this goal.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeFi Protocol EverRise Introduces New Utility for On-Chain NFTs – Sponsored Bitcoin NewsEverRise, the blockchain technology company that brought the buyback to crypto, has upgraded to a new smart contract that supports VeNomics (vote escrowed
Read more »
How to Responsibly Invest in Crypto & NFTs for Your Long-term Future | HackerNoonThere are reliable and safe ways to make long-term and sustainable profits in the new era of cryptocurrencies and NFTs; get familiar with them!
Read more »
The NFTs Marketplace and its Dependence on Centralized Web2 Services | HackerNoonNFTs Marketplaces are decentralized platforms that allow users to create, buy, sell and store non-fungible tokens.
Read more »
Her Majesty’s Treasury is working on a new kind of mint: NFTsThe UK wants to be in 'on the ground floor' with crypto.
Read more »
The Future of NFTs Lies With the CourtsAs the first cases involving NFTs hit the dockets, courts will decide questions around ownership, art, and commerce.
Read more »
Film NFTs: What Are They? | CoinMarketCapThere is a new way to invest in your favorite Marvel movies - buy their clips as NFTs! Read more to find out how!👇😳 By CMCAlexandria Author: adenbatool_ Editor: YousraAASheikh
Read more »