Encrypted mixing tools Tornado.cash and Cashfusion cover up more than $8 billion in transactions – Privacy Bitcoin News

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Although blockchain monitoring has increased a lot in the past few years, cryptocurrency mixers have been heavily used by those who do not want their financial transactions to be tracked. At the same time, two hybrid applications Tornado.cash and Cashfusion helped cryptocurrency owners reduce the traceability of their Ethereum and Bitcoin Cash. Together, these two applications recorded more than $8 billion in encrypted transactions that were deliberately confused.

More than 4.8 billion USD of Ethereum processed through Tornado.cash

Digital currency privacy is a big deal for many people. For some people, this is not the case, and they have no problems transacting on a transparent ledger monitored by a blockchain monitoring company. On the other hand, privacy advocates use multiple methods, such as using VPNs, using Tor browsers, and access token mixers.As the end of 2021 is approaching, the two major crypto assets are mixed applications Tornado cash and Cash fusion More than 8 billion U.S. dollars worth of digital assets have been processed.

Tornado.cash is a Ethereum (ETH) Approximately 2,344,835 hybrid tools have been seen ether Deposits worth more than 4.8 billion U.S. dollars. The app is so popular that it was even reviewed by former Bitcoin developer Gavin Andresen in 2020. Tornado.cash also recently announced that it is being deployed on the L2 (layer 2) Ethereum platform Arbitrum One. According to statistics, of the 4.87 billion USD deposited, Tornado.cash users paid 7.2 million USD in network fees. index From Dune Analysis.

The Tornado.cash metric passes through the Dune Analytics dashboard.

Statistics further show that there are 12,240 unique depositors and 36,382 unique withdrawal addresses. The USD 4.8 billion in deposits was allocated by 98,593 unique deposits from 12,240 addresses. The share of withdrawals using repeaters is approximately 70,800, while the share of traditional wallet withdrawals is approximately 20,233.

Converged Bitcoin Cash has exceeded 3.8 billion U.S. dollars since November 2019

Another mixed project that mixes billions of tokens is the Cashfusion project. Bitcoin Cash (BCH) Community. Since November 28, 2019, the non-custodial hybrid application in the Electron Cash wallet has been a popular anonymity tool. Cashfusion provides important transaction obfuscation features, and the project was reviewed by data analyst James Waugh in January 2020.

Total Bitcoin Cash (Bitcoin cash) Convergence as of December 25, 2021.

Wo explained at the time that he Combed thousands Transaction input and output, and realize that “it is impossible to establish a specific connection” between them. As of today, and since November 2019, 7,293,680 Bitcoin Cash Has processed a value of 3.28 billion U.S. dollars.To date, there have been 6,931,976 inputs and 7,102,213 outputs, and Bitcoin cash Compared with Ethereum’s network fee (169 satoshis per person), the fee is negligible Bitcoin cash Fusion.

Both of these hybrid applications are popular today and are often used. on Friday, Bitcoin cash Fans participate in the so-called “Fusion Fridays”, the purpose is to let more people merge their coins together. Tornado.cash supports Arbitrum One, and the cost will be much lower than the average level on the chain Ethereum cost.In addition to being dedicated to hybrid applications Ethereum (ETH) and Bitcoin Cash (BCH), Non-custodial wallet Mustard wallet and Samurai wallet Also offers hybrid functions Bitcoin (BTC).

Tags in this story

anonymous, BCH mixer, Bitcoin (BTC), Bitcoin cash, Bitcoin Cash BCH, Cash fusion, ETH mixer, Fuse, Fusion, Fusion, enter, Hybrid tool, Output, privacy, Privacy hybrid tool, Private transaction, Samurai wallet, Tornado cash, UTXO hybrid, mustard

What do you think of the privacy blending tools Tornado.cash and Cashfusion? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about destructive protocols emerging today.




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