How does Blockchain privacy work?

Quickbit

All the transactions on the blockchain are anonymous but at the same time “verifiable”, or transparent, so how does that work?

Every transaction is public, and the entire history of a blockchain is available to anyone - here is why blockchain is transparent.

The privacy part is on an account level. Your account consists of an address (a series of numbers and letters) on the blockchain that only the owner of the private keys has access to, and who’s behind the account is hidden.

Only the address is public to the rest of the network, with no way to connect an account to the physical owner of it.

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