Bitcoin is more traceable than fiat currency, claims MIT-IBM funded report
Bitcoin’s immutable transparency and anonymity, while enabling a gateway for uncensored transactions. It allows analysts to identify unique trends within the ecosystem so
The study was based on a data set with over 200,000 transactions. The paper highlighted
The report stated,
“In the model-based layout illicit nodes are less scattered but more concentrated, which seems to be a desirable property.”
As evidenced by the above graph, users can navigate through time-sliced transaction data and observe transaction patterns and patterns of change. And Illicit transactions are dyed red. So while it seems possible to identify illegal transactions through Bitcoin much more reliably than in conventional banking. There is still some room for improvement in the methodology.