This is a guest post by Chris San Filippo
Cryptocurrency use is exploding all over the world. It is seeing rapid growth for a number of reasons, but the biggest is that it provides a level of privacy that can’t be matched. Current financial transactions track a wide range of data about you. This data can be viewed by financial institutions, third parties, and even government agents. The data from your financial transactions can be used to identify you, embarrass you, or for other nefarious purposes. Governments want to have this information so that they can make sure that their tax base remains stable and certain individuals are always identifiable. That’s why they are so worked up about cryptocurrencies.