Why do you need an Ethereum mixer

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Why do you need an Ethereum mixer

Ethereum Bitcoin Mixer

what is an ethereum mixer and what is it for?

Internet users performing various cryptocurrency transactions usually strive for maximum anonymity. However, this is not always possible, since innovative blockchain technologies make it possible to immediately trace a person. Transactions with cryptocurrencies such as Bitcoin and Ethereum are common. For one transaction alone, you can see the entire history of actions carried out by a specific person for a certain period of time.

In order to achieve maximum confidentiality during the execution of various transactions with cryptocurrency, a specific program can be used — a mixer. It was invented several years ago and is an excellent solution for those who want to keep their transactions anonymous. The main parameters of the mixer, or mixer for ethereum: The mechanism of action is based on the fact that money from several pseudo-anonymous users is mixed with each other; encryption occurs after the transaction arrives at the address assigned by the user;In the process of mixing, data about the client and his operations are masked by the method of performing cryptographic mathematical actions; After the end of mixing, it becomes impossible to find out the client and the amount of the operation.

n the process of mixing operations, the mixer applies zero knowledge arguments. This allows users to mislead and confuse the deposited assets. A certain level of transparency is maintained using a smart contract. Third parties are allowed to check the correctness of the functioning of these contracts, while the confidentiality of users is fully preserved. Unique hash When a user makes their money deposits for shuffle, a confidential word and a private hash are generated for him. Then they are sent to the smart contract and added to the list of deposits. If the user wants to withdraw funds, he must provide proof (according to the same principle as the key); this proof is tantamount to a secret word that allows you to isolate a specific hash from the general list. In order to increase the degree of security and privacy, you can connect the following secret browsers: Tor; I2P; Crowds.

Anonymous software is one hundred percent decentralized. It is not associated with third parties who are willing to take responsibility for user assets or have moderator rights to disrupt the mixing process.

Ethereum Mixer Benefits

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the Ethereum mixer resource guarantees complete privacy of the user in case of sending transactions. In this case, the connection between the directory of the one who sends the cryptocurrency and the one who receives it is destroyed. Withdrawals cannot be linked to the sender. Communication is carried out using complex smart contracts. To send deposits to a new address, keys or proofs are used, which are provided to the client at the time of the deposit.

Vitalik Buterin on the anonymity

of mixing Vitalik Buterin, a well-known Russian cryptocurrency specialist, was the first initiator of the Ethereum mixing invention. The essence of his idea was that many clients are interested in encrypting their activity in blockchain technology during the transfer of Ethereum. The proposal was initially focused on single anonymous transactions, without assuming anonymity at the network level as a whole. Buterin claims that at the moment, users have two methods of performing transactions. If the operation is configured by default, users receive and send cryptocurrency from the same address, so all their actions are displayed in a single blockchain. In addition, it is possible to carry out transactions using several accounts at the same time. However, it is not easy to hide the activity on the blockchain using this path. According to Buterin, today clients can perform transactions in one of two ways. By default, clients send and receive Ethereum from one address, which means that all manipulations are displayed on the open blockchain. Clients can also carry out transactions through several profiles, but this is not the best solution for hiding transactions in the blockchain. Buterin states that when clients make transactions to send ether, all connections are viewed on the blockchain. To achieve anonymity, he proposed the creation of two smart contracts — a relay and a mixer. With their help, the user will be able to select private transactions using an anonymous set. This way, according to Buterin, seems to be the most effective and optimal for the majority of Internet users who regularly make transactions with Ethereum.

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