Many people associate Bitcoin with anonymity these days. According to most people, it is next to impossible to track Bitcoin transfers. This is a very odd statement, considering how all Bitcoin Transactions are visible on the blockchain in real-time. A new service, called Bitcoin Tracker, wants to make it easier to “track” funds. Although this is just a block explorer, the name will attract some interest for sure.
Following Bitcoin transfers around the world is a lot easier than most people give it credit for. With all transactions broadcasted on the blockchain in real-time, anyone can see where funds come from or ends up at. There is no special hardware or software needed, as all information can be accessed through a browser.
Despite this level of convenience, the concept remains strange to a lot of consumers. Such a level of transparency is unprecedented in any financial ecosystem. Albeit no personal information is revealed during a Bitcoin transfer, the cryptocurrency is far from anonymous. After all, with funds movement visible in real-time to the entire world, anonymity is impossible.