The benefits of using a VPN such as VeePN are countless. Hence why using services such as a Virtual Private Network (VPN) could strip you of this burden and mask your current IP address. This information is then passed on to third parties, most commonly advertisers, which use it to tailor ads specifically to our actions. Whenever we comment, like, share, or do any other interaction with any type of content on the platform, it’s being recorded. What is worse, this information was then used for political purposes, which caused a massive turmoil, dragging Facebook’s share prices down.įacebook and other social media platforms are collecting our information. This was massively highlighted by the Cambridge Analytica and Facebook scandal, which took place at the beginning of last year.Ĭambridge Analytica was a British political consulting firm, now defunct, which harvested personal information of millions of users of the Facebook platform without obtaining their consent. Hence why the decentralized nature of cryptocurrencies appears to be promising enough to give back control of their money and data to the user. With this one inevitable truth seems to be standing out – centralized entities are gradually eroding our online privacy. We live in a world where we spend a lot of our time online, browsing various websites and social media. Bitcoin, for instance, was designed to be an entirely “peer-to-peer electronic cash system.” The Need for Anonymity Cryptocurrencies, for the most part, are touted as a secure and anonymous way of transferring value from one place to another. The hype put cryptocurrencies on the map for the average Joe, highlighting its countless benefits.Īmongst these benefits, anonymity, and privacy especially stand out. ![]() ![]() The asset reached an astronomical price of about $20,000 towards the end of December 2017. The most popular digital currency Bitcoin (BTC) was leading the march. The entire market flourished, peaking at a capitalization of over $700 billion. 2017 was nothing but great for cryptocurrencies.
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