How can Tornado Cash help protect the anonymity of crypto holders?
Calvin MauldinNov 24, 2021 · 3 years ago3 answers
Can you explain how Tornado Cash ensures the anonymity of crypto holders?
3 answers
- Nov 24, 2021 · 3 years agoTornado Cash is a decentralized privacy solution for cryptocurrencies that uses smart contracts on the Ethereum blockchain to provide anonymity to crypto holders. When a user deposits their crypto into Tornado Cash, it gets mixed with other deposits, making it difficult to trace the original source. The user receives a proof, which can be used to withdraw the same amount of crypto from the pool without revealing their identity. This process helps protect the anonymity of crypto holders by obfuscating the transaction history.
- Nov 24, 2021 · 3 years agoTornado Cash is like a digital washing machine for your crypto. It takes your coins, mixes them with other people's coins, and then gives you different coins back. This makes it really hard for anyone to figure out where your coins came from. It's like a magic trick for your money!
- Nov 24, 2021 · 3 years agoTornado Cash is a popular privacy solution in the crypto world. It allows users to deposit their crypto into a smart contract, which then mixes it with other deposits. This mixing process makes it nearly impossible to trace the original source of the crypto. When a user wants to withdraw their crypto, they can do so using a proof, which proves their ownership without revealing their identity. Tornado Cash is a great way to protect the privacy and anonymity of crypto holders.
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