A new cryptocurrency market is developing rapidly in the world. At the same time, the number of companies and individuals whose main task is currency trading for profit is growing. Let’s find out how to keep your Bitcoin transactions safe right now!
The meaning of Blockchain technology
The accelerated rate of development of the cryptocurrency market and their integration into the system of economic, operational, financial, and other processes determine the need for a comprehensive study of this phenomenon. Despite the sometimes polar views and approaches that have formed at the moment among experts regarding the solution to this issue, the development of the crypto market is taking place at a fairly fast pace, regardless of its regulation. So what is Blockchain technology?
In the simplest sense, blockchain is a distributed database where any user can connect and conduct transactions. They are stored in blocks created in such a way that the probability of interference and correction of information after it enters the system is minimized. That is, the main problem solved by the blockchain is safety, accessibility, and mobility.
How does a Bitcoin blender work?
The Bitcoin blender is a service that accepts your coins and returns you others that are not related to the accepted ones. By doing this, the blender erases the connection between your operations before and after using the mixer, which looks the next way:
- The coins you send go to the blender reserve, where they go through several stages of mixing with other coins.
- Pre-mixed coins from the reserve that are not associated with you are sent to the addressees you specified.
- The job of bitcoin blender is to anonymize your transaction and break any connection between your sending address and the address you are sending your bitcoins to.