How does Tornado Cash improve the privacy of digital currency transactions?
Swapnil MahajanDec 17, 2021 · 3 years ago3 answers
Can you explain how Tornado Cash enhances the privacy of digital currency transactions?
3 answers
- Dec 17, 2021 · 3 years agoTornado Cash improves the privacy of digital currency transactions by utilizing a smart contract on the Ethereum blockchain. When users deposit their funds into Tornado Cash, they receive a private note in return. This private note represents their deposit and can be used to withdraw the funds later. By using zero-knowledge proofs, Tornado Cash ensures that the connection between the deposit and the withdrawal is obfuscated, providing a high level of privacy for the user.
- Dec 17, 2021 · 3 years agoTornado Cash is a privacy-focused protocol that allows users to make private transactions with their digital currencies. It achieves this by utilizing smart contracts and zero-knowledge proofs. When a user deposits their funds into Tornado Cash, the protocol breaks the connection between the sender and the recipient, making it difficult to trace the transaction. This enhances privacy and anonymity for digital currency transactions.
- Dec 17, 2021 · 3 years agoTornado Cash, a popular privacy solution for digital currency transactions, improves privacy by utilizing a smart contract on the Ethereum blockchain. When a user deposits their funds into Tornado Cash, the protocol mints a private note that represents the deposit. This private note can later be used to withdraw the funds. By using zero-knowledge proofs, Tornado Cash ensures that the connection between the deposit and the withdrawal is unlinkable, providing enhanced privacy for the user.
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