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Crypto Terms:  Letter A
Jun 19, 2023 |
updated Apr 02, 2024

What is Anonymous?

Anonymous Meaning:
Anonymous - something unknown, unnamed, or unidentified.
1 minute

Let's find out Anonymous meaning, definition in crypto, what is Anonymous, and all other detailed facts.

Anonymous is someone or something unidentified, unnamed, or unknown. No information regarding the person or item, like their origin, location, or other data, is known. Anonymous entities can choose to remain as such for a number of reasons. They lack any distinctive individual aspects and are not recognizable.

Anonymity has been a massive aspect of cryptocurrencies since their inception. The creator of Bitcoin (BTC), the first cryptocurrency, has remained anonymous and is only known by the pseudonym Satoshi Nakamoto.

Some cryptographic tools, like zero-knowledge proof, ensure anonymity by design. Some cryptocurrencies, such as Monero (XMR), allow completely anonymous transactions which obfuscate the addresses of both parties in the transaction, as well as the amount of crypto being exchanged.