The public availability of the complete history of Bitcoin transactions allows researchers to analyze the structure characterizing different transaction networks, to inspect the inter-dependency between the network dynamics and the Bitcoin price, and to gain insight into the behavior of Bitcoin users. Still, understanding of the mechanisms underlying the joint evolution of these three entities remains far from complete. Bitcoin transactions Citation: Vallarano N, Tessone CJ and Squartini T (2020) Bitcoin Transaction Networks: An Overview of Recent Results. Front. Phys. 8:286. doi: 10.3389/fphy.2020.00286

Often referred to as “digital gold,” bitcoin (BTC) is a pioneering digital currency that was launched in 2009 by pseudonymous figure Satoshi Nakamoto. The cryptocurrency BTC is transacted atop the Bitcoin network. The Bitcoin blockchain is decentralized by design, meaning that it is not owned or controlled by any single entity — it is open, public, and practically impossible to censor. Additionally, Bitcoin transactions are auditable and immutable. Every transaction can be viewed publicly, and once a transaction has been executed, it is functionally impossible for it to be undone. How is cryptocurrency traceable? On the other hand, if you are concerned about your own privacy, you can take certain steps to prevent others from checking or tracing your transactions on the blockchain. The Bitcoin blockchain maintains the full history of all transactions. They are only truly anonymous if you use a temporary wallet and destroy it after making a purchase.