Longhash Launches Bitcoin Tracker to Find ‘Dirty Money’

Longhash Launches Bitcoin Tracker
“Compared to the traditional financial system,” Longhash explains, “cryptocurrency can seem murky. Bitcoin transactions are pseudonymous, which makes them attractive to criminals.” And while that statement can for sure trigger a great many Bitcoiners to outrage, and probably should, the site believes mainstreaming crypto adoption will come with the advent of tools for transparency. It’s also a interesting juxtaposition on where many in the ecosystem seem to be, philosophically. Privacy-based coins, regardless of their actual efficacy, are all the rage as developers look to thwart minders, official and otherwise, to bring about a more cash-like experience.

Fuzzy, Precise, Address Ratings, and Dirty Money
To discover the site’s version of transparency, users can dial up the Longhash homepage and click on an Address link to enable two types of bitcoin address searches, Fuzzy and Precise. A fuzzy search on the Longhash page asks only for a “few characters of an address.” Users can examine “10,000 richest bitcoin addresses” from richest first on down. Precise searches appear to live up to the title. The curious enter a BTC address, and available to them are balances, BTC sent and received amounts, and transaction history generally. An interesting quirk of these searches is the Address Rate. “We rate addresses by analyzing their transactions as well as the addresses that it sends money to and receives money from. If we find, for example, that an address is transacting with another address that is affiliated with crime, the first address will get a lower rating. The higher the address rate, the more trustworthy the address,” the company notes.
Images courtesy of Shutterstock, Longhash.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Longhash Launches Bitcoin Tracker to Find ‘Dirty Money’ appeared first on Bitcoin News.
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