Bitcoin will not shield a user’s IP address as well as the electronic money could be linked to the user’s trades in real-time by hackers, scientists have warned.

Bitcoin is the latest cash: traded and minted online. Quicker and more economical when compared to a bank, the service is attracting interest from all around the globe.

But whether the trades are actually anonymous remains questionable.

Several research groups have demonstrated it is not impossible to determine which trades fit together, even whenever client uses different pseudonyms.

It was unclear if it’s likewise potential to show the IP address behind each trade.

The Bitcoin system isn’t managed by a principal authority, but relies on a peer-to-peer network online. Everyone can join the network as a user or supply computing capability to process the trades.

In the network, the user’s identity is concealed behind a cryptographic pseudonym, which may be changed as frequently as is needed.

Trades transmission to the public network to check their credibility and credit the Bitcoins to the brand new owner and are signed with this particular pseudonym.

In the brand new study, scientists show that Bitcoin doesn’t shield user’s IP address and that it may be linked in real-time to the user’s trades.

What’s more, the popular anonymisation network “Tor” can do little to ensure Bitcoin user’s anonymity, as it may be blocked easily.

Also, trades made during one session, even those made via pseudonyms that were unrelated, may be linked together.

Behind the trades made over the Bitcoin network, hackers can show up to 60 per cent of the IP addresses with this particular system.