Cryptocurrency Q&A
Who keeps track of Bitcoin transactions?
Who keeps track of Bitcoin transactions?
Eleonora
Thu Nov 28 2024
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5 answers
839
I'm wondering who is responsible for monitoring and recording all the transactions that happen with Bitcoin. Is there a central authority or is it decentralized?
5 answers
GyeongjuGlorious
Sat Nov 30 2024
Such exploration is not limited to just curious individuals; government agencies actively engage in this practice.
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CryptoLodestar
Sat Nov 30 2024
Agencies like the Internal Revenue Service (IRS) and the Federal Bureau of Investigation (FBI) utilize transaction IDs to trace financial activities back to individuals, aiding in investigations and compliance efforts.
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Paolo
Sat Nov 30 2024
A transaction ID plays a crucial role in the blockchain ecosystem.
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DongdaemunTrendsetterStyleIconTrend
Sat Nov 30 2024
Cryptocurrency exchanges, often under pressure from governments, have implemented measures to collect and share customer data. This allows for the linking of wallet addresses to personal identities, further enhancing regulatory oversight.
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Starlight
Sat Nov 30 2024
Utilizing this unique identifier, a blockchain explorer has the capability to uncover wallet addresses and their comprehensive transaction histories.
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