Self-Hosted Cryptocurrency Wallets Face New Privacy Hurdles
By Justin Steffen and Guillermo Christensen (January 5, 2021, 1:59 PM EST) -- Bitcoin prices are rising, and the crypto bulls are back to touting crypto's superiority over more archaic forms of currency. Two recent developments, however, highlight that despite digital currency's potential, there are still regulatory and technical roadblocks to protecting financial privacy while using cryptocurrencies.
As in other areas of the digital economy, therefore, digital currency owners must closely consider how — and with whom — they choose to transact.
Digital Currencies and Self-Hosted Wallets
Cryptocurrencies, like bitcoin, frequently use public and private key cryptography. Users have both a public address and a private key. Anyone can send you cryptocurrency, so long...
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