If you haven’t heard about it, CoinJoin is a method of anonymising Bitcoins that one developer named Gregory Maxwell came up with in an effort to help Bitcoin users to remain anonymous. This method is in the daily Bitcoin news because of its idea, which helps two users who want to make a transaction – and therefore have their data kept anonymous (completely private).
So in a nutshell, the CoinJoin method involves transacting Bitcoins with maximum anonymity. On yesterday’s 10th anniversary of Bitcoin, a CoinJoin worth over $200,000 was sent, making history and making the first-ever transaction that was moved from one address to another.
The join involved 14.8 BTC transacted, moved to the address named bc1qqcrmkvp97ryyvfu3crp6883v5caunq6v2960sc. The transaction was originally initiated by the Wasabi Wallet developer Adam Ficsor and officially announced on his Twitter profile.
The largest CoinJoin in the history of Bitcoin has just been created. Exactly 10 years after its whitepaper. Beautiful!https://t.co/DaTXrey12h
— nobrrrrrrrra73 (@nopara73) October 31, 2018
Meanwhile, the Wasabi Wallet project is a desktop Bitcoin wallet that focuses on enhancing the privacy of BTC transactions through the use of CoinJoin and other methodologies – owned by an organization named zkSNACKs.
So, the Wasabi Wallet has CoinJoin built in – and in order to participate in a CoinJoin, one user must be transacting more than 0.1 BTC.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post