Are Transactions on a Public Blockchain Anonymous?
Transactions on a public blockchain are pseudonymous, not anonymous. While a user's real-world identity is not directly tied to their wallet address, all transactions are publicly visible on the ledger.
Anyone can see the flow of funds between addresses. With advanced analytics and by linking an address to a transaction at a regulated exchange, it is often possible to trace the identity of the person controlling a wallet.
Therefore, a high degree of transparency exists, but not true anonymity.
Glossar
Public Blockchain
Network ⎊ Public Blockchain is a decentralized ledger accessible to anyone globally, where participation in validation is open to all who meet the minimal hardware or staking requirements, and transaction data is transparently viewable by any observer.
Coin Mixing Services
Anonymity ⎊ Coin mixing services, within cryptocurrency ecosystems, represent a suite of techniques designed to obfuscate the transactional history of digital assets, complicating tracing efforts and enhancing financial privacy.