{"id":175882,"date":"2021-02-11T18:00:00","date_gmt":"2021-02-11T15:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/privacy-in-blockchain-and-crypto-is-a-major-concern-for-users-study-reveals\/"},"modified":"2021-02-11T18:00:00","modified_gmt":"2021-02-11T15:00:00","slug":"privacy-in-blockchain-and-crypto-is-a-major-concern-for-users-study-reveals","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/privacy-in-blockchain-and-crypto-is-a-major-concern-for-users-study-reveals\/","title":{"rendered":"# Privacy in blockchain and crypto is a major concern for users, study reveals"},"content":{"rendered":"

“# Privacy in blockchain and crypto is a major concern for users, study reveals <\/strong>”
\n<\/p>\n

To better understand user behavior and sentiment regarding transactions and privacy on the blockchain, Manta Network ran a survey in December 2020 studying user trust regarding privacy on the blockchain, as well as centralized and decentralized exchanges.\u00a0<\/p>\n

The 2021 Privacy & Trust on Cryptocurrency Exchanges report examines the drivers behind user trust and activity surrounding blockchain transactions and exchanges.<\/p>\n

Download the full report here<\/a>.<\/p>\n

The 404 participants in the survey all demonstrated some level of activity in the blockchain space. The majority of respondents identified as researchers and investors, and leaned toward crypto-maximalist views. <\/p>\n

Despite their positive outlook on the future role of cryptocurrency, though, most respondents highlight concerns over their privacy as it related to blockchain activity. 73% of respondents have either hesitated or completely avoided making a transaction in the past because they were worried about the privacy implications around those transactions (e.g., their wallet address would be revealed and linked to their identities).<\/p>\n

Furthermore, 84% of respondents expressed at least some level of concern that wallet addresses do not offer enough privacy. Wallet addresses act as a pseudonymous solution for maintaining privacy, but once the identity is linked to the individual, then all of the assets and transaction history of that wallet address are identified as well. <\/p>\n

Respondents disagree that wallet addresses provide enough privacy. One user provided a personal example: \u201cMy friend made a lot of money in DeFi. He asked me to guess how much he made. I told him the exact number; he was shocked. It was because he transferred ETH to me before.\u201d<\/p>\n

Regarding trust and use of exchanges, opinions varied between centralized and decentralized exchanges. 29% of respondents indicated that brand reputation of centralized exchanges was a factor that positively impacted their trust and usage of those exchanges. <\/p>\n

For decentralized exchanges, respondents indicated control of their assets as a driving factor. On the other hand, the gas fees on existing DEXs are an inconvenience that cause users to avoid trading on decentralized exchanges.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Privacy in blockchain and crypto is a major concern for users, study reveals ” To better understand user behavior and sentiment regarding transactions and privacy on the blockchain, Manta Network ran a survey in December 2020 studying user trust regarding privacy on the blockchain, as well as centralized and decentralized exchanges.\u00a0 The 2021 Privacy…<\/p>\n","protected":false},"author":1,"featured_media":175883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNmEyY2FhYjEtZDVlNy00YWFiLTlhOTgtYTgwZjlmODk5ODM2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,74867,74894,75952,117,4965],"class_list":["post-175882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-altcoin","tag-blockchain","tag-cointelegraph-consulting","tag-business","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/175882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=175882"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/175882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/175883"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=175882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=175882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=175882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}