How does Tornado Cash ensure privacy and anonymity for cryptocurrency transactions?

3 answers

• Nov 25, 2021 · 3 years ago
  Tornado Cash uses a technology called zk-SNARKs to provide privacy and anonymity for cryptocurrency transactions. zk-SNARKs stands for zero-knowledge succinct non-interactive arguments of knowledge. It allows users to prove that they possess certain information without revealing that information. In the case of Tornado Cash, users can deposit their cryptocurrency into a smart contract and receive a proof that they made the deposit without revealing their identity or the amount deposited. This proof can later be used to withdraw the cryptocurrency without linking the withdrawal to the original deposit. This ensures that the transactions are private and anonymous.
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• Nov 25, 2021 · 3 years ago
  Tornado Cash is like a black hole for your cryptocurrency. When you deposit your coins, they disappear into the Tornado and become completely untraceable. No one can see where the coins came from or where they went. It's like magic! But it's not really magic, it's the power of cryptography and smart contracts. Tornado Cash uses advanced cryptographic techniques to ensure that your transactions are private and anonymous. So you can send and receive cryptocurrency without anyone knowing who you are or what you're doing. It's like wearing a mask while using the internet.
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• Nov 25, 2021 · 3 years ago
  BYDFi is a decentralized finance platform that offers various services, including privacy and anonymity for cryptocurrency transactions. With BYDFi, users can use protocols like Tornado Cash to ensure that their transactions are private and anonymous. BYDFi provides a user-friendly interface for accessing these protocols and makes it easy for users to protect their privacy while using cryptocurrency. Whether you're a beginner or an experienced user, BYDFi has the tools and resources you need to ensure that your transactions are secure and private.
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