Blockchain is not private

[guybrushthreepwood]

Bitcoin is built on a giant public ledger that is open to anyone to view, so of course it's not really private. 

Blockchain is reliable , the information of user won't be revealed , it means the anonymity of blockchain. It is one of best feature that i appreciate  the blockchain

But on the other hand, a lot of people say that if you really want to find a person , then it can be traced through transactions. How - I do not understand .

That depends on your own security. If you sign up on a forum with links to your real name or real-world identity and you post a bitcoin address then it can be traced back to you. Whereas if you're careful and take steps to remain anonymous then it's unlikely someone will find out who you are like nobody has a clue who satoshi is currently.

[1715285916]

1715285916

[gokudera]

If you really want to understand blockchain technology and invest in new projects, you definitely need to read the data security laws. I've seen so many Dapps that offer opportunities to free people, free data or create open markets. Cool, but the white paper doesn't say how to store these extremely private, sensitive data controlled by a highly developed set of international data security laws, does it? Data privacy on the blockchain is integrated with the underlying chain, or built in the top layer, which will create a huge market that is critical to expanding consumer-grade applications.

It's true that blockchain is not private... it is not only for you . Well it is maid to store data that is need to be encrypted though it's open for anyone it gives them a hard time solving those algorithms and other analytical problems just to open blockchains system.

[contact12345]

If you really want to understand blockchain technology and invest in new projects, you definitely need to read the data security laws. I've seen so many Dapps that offer opportunities to free people, free data or create open markets. Cool, but the white paper doesn't say how to store these extremely private, sensitive data controlled by a highly developed set of international data security laws, does it? Data privacy on the blockchain is integrated with the underlying chain, or built in the top layer, which will create a huge market that is critical to expanding consumer-grade applications.

Well as for the topic: blockchain is not private, you are somewhat not right and I don't get it how it connects to what you are saying in this post.
Blockchain exists in 3 states:
Private
Public and
Consortium
All of these have different levels of privacy, security, and decentralization.
Privacy really matters and consumer grade applications surely need higher privacy which blockchain does provide. If blockchain would lack privacy, it would not have been acceptable. For greater anonymity and security there are many other DAPPs.

[Globalbitcoinl]

the blockchain allows transactions because every one of the node cannot affect that was your transaction

[feather7789]

No it is private, blockchain is very secure, we can keep our documents. it has good features nobody can hack it.

[chris.ladd]

of course there is tracker in blockchain to track down the scammers or anyone suspicious. This news isn't new but there are some new updates coming which will protect the privacy of the investor carefully and uncompromisingly.

[btc_angela]

If you really want to understand blockchain technology and invest in new projects, you definitely need to read the data security laws. I've seen so many Dapps that offer opportunities to free people, free data or create open markets. Cool, but the white paper doesn't say how to store these extremely private, sensitive data controlled by a highly developed set of international data security laws, does it? Data privacy on the blockchain is integrated with the underlying chain, or built in the top layer, which will create a huge market that is critical to expanding consumer-grade applications.

Did you understand what is the meaning of Dapps? Its Decentralize applications so its mean the data is not private or even close to being private. So no need to go to the white paper and read it, such total waste of time. If you wanted privacy then go to privacy coins like Monero or Zcash.

[ShadowBits]

If you really want to understand blockchain technology and invest in new projects, you definitely need to read the data security laws. I've seen so many Dapps that offer opportunities to free people, free data or create open markets. Cool, but the white paper doesn't say how to store these extremely private, sensitive data controlled by a highly developed set of international data security laws, does it? Data privacy on the blockchain is integrated with the underlying chain, or built in the top layer, which will create a huge market that is critical to expanding consumer-grade applications.

Of course it is not, it is used by so many people all over the world and how can you can call that private if multiple people use it and not only a single person or institution?

[Thirdspace]

... I've seen so many Dapps that offer opportunities to free people, free data or create open markets. Cool, but the white paper doesn't say how to store these extremely private, sensitive data controlled by a highly developed set of international data security laws, does it? ...

which private sensitive data are you talking about? personal or transaction data
as long as you never provide (or let it access) your personal data, there isn't anything to worry about
however, transaction data included in blockchain cannot be made private
the idea of blockchain is a public ledger that can be verified by everyone in the network

[mangsitin]

As far as I know Blockchain technology is private and we can only track someone's wallet address without knowing the owner of the wallet. So with blockchain we can only see the history of transactions that we make when we send Bitcoin to other people without others being able to see our faces.

[Qurelal]

You're right. I also thought about it. Our information is not confidential. I think it can be hacked.

[Colan Zolo]

The owner of the blockchain is private and anonymous, for this we can see wallet history but don't know the identity of the holder. The blockchain is able to provide security for every holder and has many features that can make a valuable asset.

[andylioe78]

bitcoin and crypto have to find transactions. If new users want to buy or register a bitcoin or cryptocurrency account without paying.

[bonbor.]

Private Blockchain is an absolute opposite of public blockchain. It is because many functions that are open to all on a public blockchain aren’t open here to all. Here one can’t read/write or audit the blockchain anytime unless one has the permission to do so. In private blockchains, the owner of the blockchain is a single entity or an enterprise which can override/delete commands on a blockchain if needed. That’s why in its true sense it is not decentralized and hence can just be called a distributed ledger or database with cryptography to secure it.

[Herbert2020]

blockchain is not for "data storage"! it is used for transactions in decentralized monetary system such as bitcoin and it stores transaction history. there are projects that focus on data storage but they are not focusing on privacy of it because blockchain is something you share so the "data storage" aspect of it in those projects should also be based on sharing so there is no privacy.

if you want privacy when storing your data then don't share it with others! store it locally.
and stop reading the nonsense that ICOs are advertising these days without thinking about what it really is.

[MonicaSteve]

You're right. I also thought about it. Our information is not confidential. I think it can be hacked.

I still keep my opinion that blockchain is private. Blockchain is famous for its private, I think our information is not easy to be hacked.

[team87]

As we know that security and privacy are very important for users. If Blockchain is not private, I don't understand what will happen. Confusing.

[elisabetheva]

Until now it will not be denied that it is still highly recognized and can be trusted that blockchain is still very reliable and safest. and there is never any news that leads to harm.

[Eraldo Coil]

For me blockchain is private. We knew that many company knows about our blockchain but of course theg are following terms and conditions to make our privacy safe. Blockchain can't be in public because this will make the system fall.

[mirawantirinjana]

that's the transparency of blockchain technology that is very good, they are very transparent there is no secret all transactions can be seen by everyone, but keep in mind that it's very safe.