Anonymity and Pseudonymity: A fiat bank account cannot be opened without disclosing some information about its owner. Cryptocurrency accounts can be generated by anyone. There is no user information necessary. An account consist only of a public and a private key. The public key is known to the network, including the value of the account's funds. It acts as a pseudonym to the holder. The private key grants access to the funds only to the holder of the key.