Blockchain anonymity is one of the most advertised benefits from the decentralized ledger and smart contract technology. However, this means that sometimes blockchains may be used for illegal activities, hiding the true identity of criminals. To make blockchain technology and cryptocurrencies more trustworthy in the eyes of authorities and the public, Elliptic has decided to develop a monitoring process, which strips away blockchain anonymity. Blockchain anonymity While trading cryptocurrencies attracts many users because of the opportunity not to reveal their true identity, businesses are not looking for the same kind of perks. In order to make cryptocurrencies and blockchain technology
