Ameen Soleimani’s Tornado Privacy Pools Seeks to Improve Ethereum Coin Mixing

03/03/2023 12:40 • Metaverse Matters • 91 views

On March 3, the early contributor of Tornado, Ameen Soleimani, recently created a forked version of Tornado – Privacy Pools. This product aims to become a better Ethereum coin mixer.

Tornado contributor launched the forked product Privacy Pools to bypass the federal government regulation

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The cryptocurrency market has been growing rapidly over the past few years, with more and more people investing in different digital currencies. However, with the rise of crypto transactions comes the issue of privacy and security. Although blockchain technology is relatively secure, transactions can still be traced back to their origin. This is where coin mixers come in handy.

Coin mixers, also known as cryptocurrency tumblers, are used to protect you identity and protect against transaction tracing. They mix your cryptocurrencies with those of others to hide the original source of the funds. Tornado is one of the most popular and effective coin mixers in the market, and Ameen Soleimani has recently created a forked version of it called Tornado Privacy Pools.

Ameen Soleimani is an early contributor of Tornado and is known for his work in the Ethereum space. He recently created Privacy Pools to improve upon the existing Tornado mixer. The aim is to create a more secure and private coin mixer that will help protect the identities of users and the funds they are moving around in the Ethereum ecosystem. The new Tornado Privacy Pools offers several unique benefits that could make it a more attractive option for users looking for a better privacy protection alternative.

Privacy Pools works by using ring signatures to ensure that the mixer cannot be traced back to a particular source. The system mixes multiple transactions at once, further increasing privacy and security. With Privacy Pools, users can choose to exit the pool at any time, unlike the original Tornado mixer where users had to wait for the entire process to complete. Tornado Privacy Pools also offers a lower transaction fee, making it a more affordable option for those who want to protect their privacy when using cryptocurrencies.

In summary, Ameen Soleimani’s Tornado Privacy Pools provides a much-needed improvement on the existing Tornado mixer. It offers a more privacy-focused and user-friendly alternative with numerous benefits, including ring signatures, multi-transaction mixing, and low transaction fees. This development is an excellent step towards creating a safer and more secure environment for Ethereum transactions.

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