BTC is not used for illicit trades anymore. It's very easily trackable. Drug sites use monero now days.
ChatGPT:
Monero (XMR) is designed to be highly private and secure, making it difficult to trace transactions. Here are some of the key features that contribute to Monero's privacy:
Ring Signatures: These mix the spender's input with a group of others, making it unclear which one was actually spent.
Confidential Transactions (RingCT): This hides the transaction amounts.
Stealth Addresses: These generate a one-time address for each transaction on behalf of the recipient, making it difficult to link transactions to the recipient.
Due to these privacy features, tracing Monero transactions is significantly more challenging compared to other cryptocurrencies like Bitcoin, where transaction histories are publicly accessible. However, no system is completely foolproof, and researchers and authorities continually develop new methods to analyze and potentially de-anonymize transactions.
BTC is not used for illicit trades anymore. It's very easily trackable. Drug sites use monero now days.
ChatGPT:
Monero (XMR) is designed to be highly private and secure, making it difficult to trace transactions. Here are some of the key features that contribute to Monero's privacy:
Ring Signatures: These mix the spender's input with a group of others, making it unclear which one was actually spent.
Confidential Transactions (RingCT): This hides the transaction amounts.
Stealth Addresses: These generate a one-time address for each transaction on behalf of the recipient, making it difficult to link transactions to the recipient.
Due to these privacy features, tracing Monero transactions is significantly more challenging compared to other cryptocurrencies like Bitcoin, where transaction histories are publicly accessible. However, no system is completely foolproof, and researchers and authorities continually develop new methods to analyze and potentially de-anonymize transactions.