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Transaction Privacy

Definition

Transaction privacy refers to the degree to which information about participants and the details of financial transactions conducted on a digital ledger remain confidential. Technologies designed to enhance transaction privacy aim to obscure sender and receiver identities, transaction amounts, or other sensitive data from public view. This is often achieved through cryptographic techniques that limit the traceability of transactions, providing a layer of anonymity. Maintaining transaction privacy is a key consideration for users concerned with data confidentiality.