How CoinJoin, CoinSwap Enable Basic Bitcoin Privacy
A cohort of developers discussed CoinJoin and CoinSwap on stage during the Bitcoin 2022 conference to highlight the main characteristics of these Bitcoin privacy tools.Four prominent software developers joined an on-stage chat at the Bitcoin 2022 conference to explain and discuss CoinJoin and CoinSwap, two kinds of collaborative Bitcoin transactions that seek to increase the privacy of the involved parties.“The most important thing is to use the tools and encourage others, explain to them,” said lead developer of Sparrow Wallet Craig Raw. “Normalize CoinJoin and CoinSwap because they are....
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An innovation called TumbleBit that improves the privacy and fungibility of bitcoin transactions was presented at the Bitcoin Scaling conference in Milan, reports NASDAQ. TumbleBit builds on the CoinSwap intermediary solution with added layers of cryptography to improve both the privacy and fungibility of bitcoin transactions. The fact that the transaction history of each bitcoin is traceable puts all bitcoins’ fungibility at risk. “Tainted” bitcoins can be valued less than other bitcoins, possibly undermining bitcoin’s value proposition as money. A key problem for fungibility and privacy....
XCurrency is set to launch its eagerly awaited Rev 2 technology this week which will allow nodes to earn revenue for trustless mixing of transactions. The new technology, Xmixer, will enable the boosting of network security, scale up the processing of private transactions and provide revenue streams for users of XC. To understand why this is a "killer-app", it is necessary to understand what is meant by coinjoin. Coinjoin is a protocol that enhances the security and privacy of transactions by enabling users to build shared transactions that prevents unscrupulous individuals from tracing....
CoinSwap Space provides a suite of products and services for decentralized finance, allowing users myriad ways to make returns on their crypto. CoinSwap, an exciting new DEX for the Binance Smart Chain, has announced its launch to take place on April 30th at 5 pm CET. This is a launch with a difference. There are […]
Bitcoin users in need of serious transaction privacy should avoid popular services like Blockchain's SharedCoin and other CoinJoin implementations, according to a well-known security expert. Consultant Kristov Atlas, author of the book Anonymous Bitcoin, published a security advisory today saying weaknesses in SharedCoin offered privacy only from "unskilled examiners of the bitcoin blockchain" - and even then, only until more sophisticated analysis tools were made user-friendly enough for the average user to deploy. Blockchain CEO Nicolas Cary said he was satisfied with the research and....
"A big day for bitcoin privacy," said developer Chris Belcher as he announced a test transaction implementing a promising privacy technology invented years ago