Will users' IP addresses be discoverable?

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Nope. Only to maybe 3 or 4 of your closest nodes. They know port and IP but they don’t have a clue what you’re doing. If your in a group op 32 nodes, and you want to get Chunks you request a connection to another group of 32. So the closest group of 32 connects you to another group using private and public keys (only you have the private one). So your close nodes are like a “proxy” to you. Here’s some more details:

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