Why are Bitcoin transactions stored ?

[Dynamite++]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

[freedomgo]

Them why are transactions history store and made public, so there can be traceable?

For transparency, you don’t really need a third party. The blockchain already does that job for you.

Because with this it doesn't feel private to me.

It’s still private as long as you don’t disclose that you own the wallet. Once you send Bitcoin from your wallet to a verified exchange, that’s where you lose privacy.
But if you’re just transacting wallet to wallet, even though the transaction shows up on the blockchain, you can still keep that level of privacy.

[Charles-Tim]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver.

Are you referring to bitcoin or other cryptocurrencies? Mention bitcoin instead of cryptocurrencies. There are coins like monero that its transactions not traceable using blockchain.

Bitcoin main purpose is P2P without intermediary.

There are ways you can have privacy with bitcoin. Make use of full node on Tor. Or you can be anonymous if you make use of Tor on SPV wallets.

That is how bitcoin is but you can try to achieve some privacy.

[Cryptomultiplier]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Bitcoin transactions are made public on the public ledger or Blockchain as fondly known so as a bitcoiner can prove they own the said amount of Bitcoin without needing the third party intermidiaries that a commercial or traditional banking system would provide.The transactions are stored as security, for trust, as history document and for decentralization as it being the main reason for its creation and existence.

It is so inorder to prevent fraud cases which may have become a thing with hackers, scammers and even money launderers, had it been it wasn't so. It's just so bad that these days regulations have come in the way as a double layer of protection and more of control to prevent fraud and money launderers as the excuse for what has already been implemented in the original Bitcoin protocol.

[DeeppRockk]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver.

Are you referring to bitcoin or other cryptocurrencies? Mentioned bitcoin instead. There are cons like monero that is not traceable using blockchain.

Bitcoin main purpose is P2P.

There are ways you can have privacy with bitcoin. Make use of full node on Tor. Or you can be anonymous if you make use of Tor on SPC wallets.

That is how bitcoin is but you can try to achieve some privacy.

You're absolutely right about the transparency vs. privacy debate between Bitcoin and Monero. Bitcoin's whole thing is that open ledger - anyone can see every transaction ever made. That's wild when you think about it! Sure, Monero's privacy features are slick, but Bitcoin's "see-through" nature is what makes it unstoppable. No government or bank can mess with it because everything's out in the open. 

Yeah, you can use Tor or special wallets to hide your IP, but the blockchain itself? That's forever. Patterns still pop up over time, even if your name isn't plastered on it. That's why holding your own keys and being smart about how you move coins matters so much. Newbies often miss that Bitcoin's "weak spots" are actually strengths - it's not trying to be perfect. It solves real problems fiat currency never could. Think about it: no more frozen accounts, no inflation printing, just code that does what it says. Pretty cool when you zoom out.

[Alone055]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Can you look at a transaction in the blockchain and tell who it belongs to? No, unless the wallet has a direct connection with a centralized platform, where they send and receive a lot of transactions on a regular basis, and have their identity verified, that will kind of give it away that the wallet belongs to them, but if someone doesn't make any transactions from or to their non-custodial wallet from a centralized platform, there is no way anyone can know that wallet belongs to you or anyone, so that's what anonymity and privacy of Bitcoin is about. The transactions stored in the blockchain are for transparency and record.

How would you prove that you have made a transaction if they were not stored in the blockchain? Like, you make a transaction to someone, which is important, and it gets stuck in the blockchain because of network congestion or something like that, but they keep asking you about it, so if the blockchain didn't have any record for it, what would you tell them? Your words won't have that much value in such a case, and you need to prove that you have actually initiated the transaction, and for that, blockchain helps you by keeping a record of every transaction you initiate.

[Hispo]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Bitcoin was pretty much anonymous before governments and institutions around the world started to pay attention to Bitcoin blockchain and developed on-chain analysis. How it stands today, exchanges and governments have a vast storage of information of people and their addresses, that is one of the main reasons exchanges have started to ask their customers to go through complete KYC, so their lists of wallets used by their clients can be linked to their actual identities.

Still, there are some coins like Monero which try to completely erase the possibility of a third party checking the blockchain in order to track the transfer of value or the identity of senders and receivers.

In order to use Bitcoin anonymously one just need to be extra careful with address management.

[Livingleged]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Bitcoin Transactions are stored on the public ledger because its doesn’t operate like the traditional banking system and you need to have a complete  list of complete transactions and the bitcoin allocated to each addresses which is exactly what the blockchain does
The Main reason transactions are recorded on the public ledger  is to prevent double spending without any central authority and also to create trust through transparency among users I mean anyone can easily calculate your balance from you previous data because transactions on bitcoin it’s just picking your previous output as the new intput and creating an output with a lock on it.

[MusaMohamed]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Bitcoin blockchain is not a private blockchain so if you want something private, you must choose other blockchains like Monero. Fortunately, with Bitcoin blockchain, non-custodial wallets, change addresses and Tor connection, you can have good privacy and even anonymity. It depends on your practice with your activities online, on social media, in real life, and with Bitcoin related activities like wallets, addresses, UTXOs, and the others.

Bitcoin privacy guide.
Bitcoin privacy resources.

[fullfitlarry]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

It means you didn't understand the meaning of privacy, maybe what you are referring is anonymity, but we all know that Bitcoin is not like that, it's psuedo-anonymous. And that's why everything is recorded in the blockchain so that everyone can see and that you can't cheat like doing double spending.

And as far as it's psuedo-anonymity, as I have said, transactions are public and it can be linked to you right away, everything is in addresses. But we all know that it can be traceable specially if you uses exchanges that mandated KYC.

[Ziskinberg]

And as far as it's psuedo-anonymity, as I have said, transactions are public and it can be linked to you right away, everything is in addresses. But we all know that it can be traceable specially if you uses exchanges that mandated KYC.

As long as you acquire Bitcoin through exchanges where KYC is mandatory, it can easily be linked to you. But if you earn it online from activities that don’t require KYC, or you buy it through P2P from a private individual, then it’s still fairly private.

With blockchain analysis today, tracing is possible, but only when users leave clear evidence that connects transactions back to them. For an ordinary person, what you see on the blockchain is still just addresses and transactions. Without that extra link, it remains private.

[DiMarxist]

 Bitcoin transactions are stored and made public for everyone to see because of security and trust concerns sus as double spending this is possible because every new transaction that is taking place will check the BlockChain for previous transactions, If it has been used previously on the BlockChain the node will reject it. Making Bitcoin secure and safe and devoid of manipulation which is usually associated with Fiat currency . The issue of trust is a serious concern when it comes to money printing in our physical Fiat currencies and Bitcoin remove that through Bitcoin remove this by making sure that Bitcoin resist censorship.

[Agbe]

It is to avoid argument and conformation of payment. The transaction can only traceable but you don't know who send the coins if you are not been told. And there are many ways you can use bitcoin anonymously. You can use a mixers to send your coins and nobody can trace your transaction. And when the p2p is used in the transaction. There would be no third party involvement in the transaction.  If there is no store of transaction information, scammers would go free.

[EL MOHA]

Yeah, you can use Tor or special wallets to hide your IP, but the blockchain itself? That's forever. Patterns still pop up over time, even if your name isn't plastered on it. That's why holding your own keys and being smart about how you move coins matters so much. Newbies often miss that Bitcoin's "weak spots" are actually strengths - it's not trying to be perfect. It solves real problems fiat currency never could. Think about it: no more frozen accounts, no inflation printing, just code that does what it says. Pretty cool when you zoom out.

From onset bitcoin wasn’t here for privacy but rather as a pseudonymous currency where you choose whether to be anonymous or not but the transaction must be public for everyone to see and for nodes to verify. As for frozen accounts I think it’s for people that actually use bitcoin the right way that’s total decentralization not, using centralized entities because it can still be freezed.

It is to avoid argument and conformation of payment. The transaction can only traceable but you don't know who send the coins if you are not been told. And there are many ways you can use bitcoin anonymously. You can use a mixers to send your coins and nobody can trace your transaction. And when the p2p is used in the transaction. There would be no third party involvement in the transaction.

Yet again all this are possible if the user isn’t using bitcoin from centralized platform. You can get know the user if there is link of addresses that is traced to an exchange. That’s why one of the best ways to stay anonymous with bitcoin is to simply avoid address re use because some chain analysts can simply link the addresses together and to a centralized exchange if it has been used too before

[xbetz.io]

Good question and this confusion is very common among newcomers.

Bitcoin was never designed to provide complete anonymity but rather pseudonymity. The public transaction history is essential for the system to work at all. Without a shared, verifiable ledger, there would be no way to prevent double-spending or to reach consensus without a trusted third party. Privacy in Bitcoin comes from separation of identity and addresses, not from hiding the ledger itself. As long as an address is not linked to a real-world identity, transactions remain private in practice. The moment you interact with KYC services (exchanges, custodians), that link is created and privacy is reduced.

In short:
- Public ledger = trustless verification
- Privacy = operational behavior, not hidden data

If full transactional privacy was the primary goal, Bitcoin would not have been viable as a decentralized monetary system. That’s why privacy-focused coins took a different design path later.

[Ambatman]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Pseudonymous is also a form of privacy
It never promised anonymity.
Besides privacy wasn't the focus
The focus was eliminating third parties, a true decentralized money
And to remove trust, everybody needs to be able to verify everything.

Hence the statement "Don't Trust, Verify "

[snowpega]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Bro, I will reply to you according to the knowledge I have. Can you tell me about the deep details of every transaction recorded on blockchain? Obviously not. Well, in such a case your private address got public then there are still many ways to stay out of the public eye. Like, here in this space you can generate as many addresses as you want, and then you can shift your money to that address using TOR or some other techniques. DYOR!

There are a lot of transactions on the blockchain that are being recorded that still have no clue about many addresses, like who is the owner of the sending and receiving addresses. So what kind of privacy do you need more? Like, you already have it now; it depends on you, like how you act being a user of Bitcoin and the way you perform your transaction.

[Alpha Marine]

That is because people confuse anonymity with private. Bitcoin transactions are not private; they are anonymous. If they were private, only you would be able to see your transactions. They are anonymous because even though everybody can see the transaction or address on the blockchain, nobody can tell who carried out the transaction or who owns the address.
It is a form of privacy, but not by keeping the transactions private, but anonymous.
So when people say things like "Bitcoin transactions are private", they're wrong, and this is a common misconception. No transaction on the blockchain is private.

It is only whenyou have revealed that you are the owner of an address that it no longer becomes anonymous. So now if that address carries out a transaction, people would know that you made a transaction because they know who owns the address.

[aoluain]

Its the public ledger, there is no intermediary involved in transactions so all payments are
visible on the ledger - transparent!

but, my personal details are not on the ledger!

[Smartvirus]

The point of crypto currency creation was for the reason of privacy, which was coated as the word decentralized network, where there's no third party in-between, just the sender and the receiver. Them why are transactions history store and made public, so there can be traceable? Because with this it doesn't feel private to me.

Bitcoin transactions are stored for verification purposes. It’s the one way in which, you can tell of a transaction to have being conducted and also ensure their isn’t any double spending of Bitcoin.

The fact that Bitcoin transactions are stored doesn’t mean there isn’t any privacy on the network. The network records only data that isn’t attached to a persona or any human. In essence, you get to stay private but, your transaction doesn’t. This can only be compromised when you are tied to an address and that always starts with you.