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Home Crypto

Trezor will add a tool to the wallet to mix BTC transactions

Cryptocurrency wallets will support CoinJoin mixers (Wasabi Wallet)

Sergio Richi by Sergio Richi
5 months ago
in Crypto
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Trezor will add a tool to the wallet to mix BTC transactions
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Hardware wallet maker Trezor has announced a partnership with the Wasabi Wallet team. The partnership aims to integrate Bitcoin transaction mixing tool CoinJoin into the device.

Mix BTC transactions

This method randomly groups transactions to hide the source of the funds. The new option will be available in 2023.

mix bitcoin transactions

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Last updated on January 23, 2023 10:04 am

Wasabi Wallet zkSNACKs CoinJoin

CoinJoin is a cryptocurrency transaction obfuscation method introduced in 2013 by Bitcoin Core and Blockstream developer Gregory Maxwell. CoinJoin’s efficiency continues to attract members of the cryptocurrency community who want to remain anonymous when transferring cryptocurrencies. So far, Wasabi Wallet has proven to be one of the main providers of this technology.

Karo Zagorus, Head of Public Relations and Reputation at Wasabi Wallet zkSNACK, explained in a comment to Decrypt that talks with Trezor began in 2019. According to him, the result is an “extraordinary achievement.

wasabi coinjoin trezor

Anonymization Technology – Wasabi Team

The Wasabi team added that the work on the anonymization technology is a response to increased monitoring by institutions.

Financial transactions could eventually be used to spy on citizens,” they noted

Cryptocurrency Mixer – On the Sanctions List

We remind you that on August 8, OFAC (Office of Foreign Assets Control, Financial Intelligence, Economic and Trade Sanction Program and Enforcement Division of the US Department of Treasury) found the website of the Tornado Cash cryptocurrency mixer along with 39 Ethereum and 6 USDC- addresses on its sanctions list.

Industry advocacy group Coin Center said the agency had overstepped its authority. 

Jesse Powell, CEO of cryptocurrency exchange Kraken, called the regulator’s actions “unconstitutional” and “invading citizens’ privacy rights.”

Before that, OFAC included cryptomixer Blender on its sanctions list.

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Sergio Richi

Sergio Richi

Sergio Richi is the founder and proprietor of Logll.com. He specializes in writing about Cyber Security issues and topics related to this field. His work focuses on providing readers with comprehensive knowledge about the latest developments in the world of technology. He authors content on Business, Cars, Cool Gadgets, Laptops Reviews, Finances and Cryptocurrencies, as well as exploring developments in Information Security.

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