Pseudonymity

Pseudonymity refers to the state of being anonymous or using a pseudonym, rather than revealing one's true identity, in online interactions or transactions. In the context of blockchain, pseudonymity allows participants to operate and transact under a chosen identity or pseudonym, protecting their real-world identities while maintaining a record of their activities on the blockchain. While transactions and activities can be traced on a blockchain, the true identity behind a pseudonymous address or account is not immediately discernible, providing a certain level of privacy and confidentiality.