How can Bitcoin users protect their financial privacy?

Abstract

The following is a summary of ways that the average Bitcoin user can improve the privacy of their transactions.

Loss of personal privacy

个人隐私丧失问题

The gradual loss of an individual’s right to privacy is a fact of life. The current external environment is much more complex than the above, and how can you protect your privacy?
个人的隐私权的逐渐丧失已成为不争的事实。当前的外部环境比以上还要复杂得多,而你怎样才能保护自己的隐私?

Don’t give out personal information about yourself

不要随意透露自己的个人信息

Bitcoin safeguards the freedom of financial transactions for two main additional factors.
比特币保障了人们的金融交易自由,主要又有以下两个因素:

  1. Prevent IP monitoring
    预防IP被监控
  2. Elimination of clear transaction history
    消除清晰的交易记录

Don’t reuse addresses for privacy

不要重复使用地址实现隐私保护

Satoshi Nakamoto offers his solution in the whitepaper: as an extra layer of privacy, use a new address for every transaction.
中本聪在白皮书就提供了他的方案:作为额外的隐私保护,每次交易都使用新的地址。

Using Tor Networks to Solve IP Logging Problems

使用Tor网络解决IP被监控记录问题

Bitcoin transactions themselves do not contain any IP addresses, nor does the associated data exist on the blockchain. In fact, Bitcoin is based on a P2P network, and the data is transferred with information attached to it.

Use Coinjoin to hide transaction records and increase privacy

运用Coinjoin隐藏交易记录增加私密性

For this reason, we can also use Coinjoin to separate the input from the output of a transaction, thus hiding the transaction records. Bitcoin’s pseudo-anonymity lies in the fact that transaction records record the addresses of both parties and the amount of the transaction, and all records are public. visible to anyone. Coinjoin is a way to make transactions anonymous by separating the inputs and outputs of a transaction so that they do not correspond to each other. effect.

Choose to use Lightning Network in the right scenario

在合适的场景下选择闪电网络

In addition, there is another way of sending privacy that is off-chain based, and that is through the lightning network. Usually in small transactions, we prefer to use lightning networks because of their speed and low cost.
除此之外,还有一种隐私发送方式是基于链下的,就是通过闪电网络。一般在小额交易中,因闪电网络其速度快与费用低的特性,我们会更倾向于使用闪电网络。

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