The CNN Money.
http://Https://thenextweb.com bitcoinmagazine.com
Though each Bitcoin transaction is recorded in a public domain, names of buyers and sellers are never revealed-only their wallet IDs. While that keeps users transactions private, it also lets them or sell anything without easily been traced back to them. That's why it has become the currency of choice for people online buying and selling.
- unlike other bank accounts and most other payment systems, Bitcoin addresses are not tied to the identity users. On a protocol level. Anyone can create new and completely random Bitcoin addresses and associated private key, as such and as long as a miner includes the transactions in a block. Anyone can effectively transfer Bitcoin from any address to it controls the (private) keys, to any other address, with no need to reveal any personal information at all. like the physical cash, not even the receiver or the sender.
- Bitcoin transaction data is transmitted and forwarded by nodes to a random sets of nodes. On the peer to peer network, while Bitcoin nodes do connect to each other using IP addresses, it's not necessarily clear for nodes whether the transaction data they received was created by the node they connect to or if that node merely forwarded that Data