Analytical news site Longhash recently launched its own Bitcoin tracker. The site offers tracking of the origin and subsequent path of Bitcoin coins so that investors, regulators and ordinary users can check the coins of interest to them.
The company believes that transparency tools will accelerate the mass adoption of cryptocurrencies, so the company is trying to give users the ability to know who they are dealing with when making transactions. Pa representative of the Longhash company said:
We do not disclose the identities of the owners of the coins. We simply offer greater peace of mind to investors, regulators and everyday users. We strive to dispel the previously held belief that Bitcoin is associated with criminal activity.
To use the tracking service, anyone can go to the Longhash website, go to the address tab and use a general or specific search. The general search only asks for "a few characters of the address." Users can check the "10,000 addresses with the most Bitcoins" in descending order. Precise searches provide balance information, BTC sent and received, and transaction history information.
An interesting feature of these searches is the address ranking. The company notes:
We evaluate addresses by analyzing their transactions, as well as the addresses to and from which they send and receive funds. If we find that an address is associated with any address involved in crime, that address receives a low rating. The higher the rating of an address, the higher its reliability.
Like fiat, cryptocurrency can go through various routes before reaching your wallet. The company has defined four categories of addresses, highlighting them in different colors. The category highlighted in light blue refers to mixing services that deliberately mask the source of a Bitcoin transaction. Dark blue color is the addresses of cryptocurrency exchanges. Purple is the miners and orange is the playgrounds. Light purple indicates an old address that is no longer in use.
It's interesting how these categories are presented as colored rings. The inner ring represents the place of origin of the Bitcoin coin. If this ring is blue, then the first 30 movements were carried out through crypto exchangers. If the next ring is purple-orange, it means the BTC is sourced half from exchanges and half from gaming sites. And so on.. This way you can check whether Bitcoin has any connection with illegal transactions.
According to https://news.bitcoin.com/
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