Trezor, the company behind one of the most popular crypto wallets, has teamed up with privacy project Wasabi to bring CoinJoin mixing to Bitcoin transactions on its hardware wallets.
The two projects confirmed the partnership via Twitter on Monday. The idea is that users will be able to use files CoinJoin on their Trezor devices for more transaction privacy starting next year.
CoinJoin is a file coin mixer that group Bitcoin transactions together to hide their assets. wasabi wallet It is a popular Bitcoin wallet made by software company zkSNACKs that uses CoinJoin technology.
Tresor Cold storage specialist – wallets that store cryptocurrencies offline, the most secure way to store digital assets.
Wasabi Wallet contributor Rafee said Decrypt that the goal is Tresor Suite Users to be able to send private coins directly from their device wallets.
“You will be able to join our zkSNACKs WabiSabi CoinJoin rounds with your hardware wallet in the Trezor Suite app,” he said, explaining that WabiSabi is a new CoinJoin protocol.
Hi, we are working on CoinJoin app not an album. Thank you for your understanding🤟
“The reason why Trezor has incorporated this is because this is the most advanced CoinJoin protocol to date,” he said.
Karo Zagoros, who leads community and reputation management at zkSNACKs, added that the partnership was shaped by conversations that began in 2019 and represented a “tremendous achievement”.
zkSNACKs and those working on Wasabi Wallet say crypto privacy is more important than ever. This is due, they claim, to increased government oversight – and financial transactions can eventually be used to keep a close eye on what citizens are doing.
delusion TellDecrypt That’s why they work tirelessly on the tools that make Bitcoin, the largest digital asset, even more private. Contrary to popular belief, Bitcoin is easily traceable thus Not Anonymous in nature.
Currency mixers – and crypto privacy in general – have been in the spotlight a lot since the US government accept it Tornado cash last month. The Treasury Department has banned Americans from using Coin Mixer, allowing users to conduct private Ethereum transactions, because it alleged criminals used it to launder dirty money.
The cryptocurrency community erupted in the wake of the news, with the Washington, DC-based crypto advocacy group Coin Center A threat To challenge the ban in court.
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