Sunday, June 1, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

What are Tornado Cash alternatives in 2023

by firstcryptonews
February 26, 2023
in Press Release
What are Tornado Cash alternatives in 2023

Tornado Cash is a decentralized, non-custodial privacy solution for Ethereum users. It provides anonymity to Ethereum transactions by allowing users to deposit their Ethereum into a smart contract and then withdraw it from another address.

This process helps to break the link between the original sender and the recipient, making it difficult to trace the transaction.

However, Tornado Cash is not available anymore. In this article, we will explore some of the Tornado Cash alternatives available in 2023.

1. Tumbits

Website Link: www.tumbits.com

Tumbits is a online service for Bitcoin mixing that makes Bitcoin more anonymous. It works pretty straightforwardly. The sender of the payment puts their money into a pool, which then shuffles around all the Bitcoins and divides them into the recipients addresses based on the amount sent.

Tumbits uses CoinJoin which is a type of anonymous transaction that helps Bitcoin users maintain their privacy while sending Bitcoin. Tumbits CoinJoin is a multiparty “Bitcoin mixing” transaction at the end of which it is unclear who owns which coin.

Consider the following transactions made at the same time: A purchases an item from B, C purchases an item from D, and E purchases an item from F. Without

CoinJoin, the public blockchain ledger would record three separate transactions for each input-output match.

With Tumbits CoinJoin service, only one single transaction is recorded. The ledger would show that Bitcoins were paid from A, C, and E addresses to B, D, and F. By masking the deals made by all parties, an observer cannot with full certainty determine who sent Bitcoins to whom.

2. Samurai Wallet

Website Link: www.samouraiwallet.com

Samurai Wallet is a privacy-focused wallet for Bitcoin and other cryptocurrencies. It provides users with a range of privacy features, including coinjoin and stealth addresses

Samurai Wallet also supports a feature called Whirlpool, which is a type of coinjoin that provides greater privacy by combining multiple transactions into a single transaction with multiple inputs and outputs. The only difference from Tumbits is that it requires downloading a dedicated application and cannot operate on a web browser.

3. Wasabi Wallet

Website Link: www.wasabiwallet.io

Wasabi Wallet is a privacy-focused wallet for Bitcoin and other cryptocurrencies. It uses the coinjoin technique the same as the Tumbits solutions we reviewed above to provide privacy to transactions.

Wasabi Wallet also supports a feature called Chaumian CoinJoin, which is a type of coinjoin that provides greater privacy by using blind signatures to hide the input and output amounts of each transaction.

4. Secret Network

Website Link: scrt.network

Secret Network is a privacy-focused blockchain allowing private transactions and decentralized applications (dApps). It uses a technology called secure enclaves to provide privacy to transactions.

Secure enclaves are a type of hardware-based security technology that isolates code and data, making it difficult to access or manipulate. Secret Network uses secure enclaves to provide privacy to transactions by encrypting the transaction data and keeping it hidden from the public blockchain.

Secret Network supports multiple cryptocurrencies, including Ethereum and ERC-20 tokens, making it easy for users to transfer their existing assets onto the network.

5. Zcash

Website Link: z.cash

Zcash is a privacy-focused cryptocurrency that enables users to keep their transactions private. It uses a technology called “zero-knowledge proofs,” which allows users to prove that they have the necessary funds to complete a transaction without revealing any other information. Zcash is a standalone blockchain that is not interoperable with other blockchains, including Ethereum.

Zcash offers several advantages over Tornado Cash. First, it is a more established project with a longer track record of success. Second, it is a standalone blockchain that is not subject to the limitations and vulnerabilities of the Ethereum network. Finally, it has a strong community of developers and users who are committed to building a more private and secure DeFi ecosystem.

6. Monero

Website Link: www.getmonero.org

Monero is a privacy-focused cryptocurrency that enables users to keep their transactions private. It uses a technology called “ring signatures,” which allows users to hide their transaction data by combining it with the data of other users. Monero is a standalone blockchain that is not interoperable with other blockchains, including Ethereum.

Monero offers several advantages over Tornado Cash. First, it is a more established project with a longer track record of success. Second, it is a standalone blockchain that is not subject to the limitations and vulnerabilities of the Ethereum network. Finally, it has a strong community of developers and users who are committed to building a more private and secure DeFi ecosystem.

Conclusion

Tornado Cash was a popular privacy solution for Ethereum users. There are a number of Tornado Cash alternatives available in 2023, including Tumbits for online and software solution based like Wasabi.

Related Posts

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

by firstcryptonews
May 31, 2025
0

May 24, 2025 — In a world where internet culture and blockchain innovation increasingly overlap, a new digital asset is...

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

by firstcryptonews
May 30, 2025
0

George Town, Grand Cayman – 26 May 2025 – CV5 Capital, is pleased to announce that Cryptanium Fund I SP,...

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

by firstcryptonews
May 24, 2025
0

May 23, 2025 – On a live community call with over 500 attendees, Connect, in collaboration with Win Blockchain community...

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

by firstcryptonews
May 22, 2025
0

Toronto, Canada – May 20 2025 – Renovation.Reviews, the community-driven hub where DIYers, contractors and designers share renovation know-how, today...

Crypto Whale Watch: Why Institutions Are Eyeing Alaxio

Crypto Whale Watch: Why Institutions Are Eyeing Alaxio

by firstcryptonews
May 22, 2025
0

London, United Kingdom - In the fast-moving world of cryptocurrency, institutional interest often acts as a precursor to explosive growth....

Alaxio (ALX): The Next Big Thing in Web3 and DeFi?

Alaxio (ALX): The Next Big Thing in Web3 and DeFi?

by firstcryptonews
May 20, 2025
0

With Web3 technologies rapidly reshaping the financial landscape, investors and developers are constantly on the lookout for projects with the...

Next Post
$Warren Coin Incubator Offers Comprehensive Crypto Launch Services & Community-Focused Investment Opportunities

$Warren Coin Incubator Offers Comprehensive Crypto Launch Services & Community-Focused Investment Opportunities

Recommended

Paysenger Set to Launch All-New EGO Token

Paysenger Set to Launch All-New EGO Token

3 years ago
Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

5 years ago
Wettok – The Ultimate DeFi Yield Optimizer

Wettok – The Ultimate DeFi Yield Optimizer

3 years ago
The Great Wave off Kanagawa Licensed NFTs To Release  In 3D and Augmented Reality on ElmonX

The Great Wave off Kanagawa Licensed NFTs To Release In 3D and Augmented Reality on ElmonX

2 years ago
BlackRock Diversifies Portfolio with 205M Colle AI (COLLE) Token Holdings

BlackRock Diversifies Portfolio with 205M Colle AI (COLLE) Token Holdings

6 months ago
Earn Passive Income from Crypto Cloud Mining with Nhash

Earn Passive Income from Crypto Cloud Mining with Nhash

4 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Updates Workflow Logic to Support Expanding Business Demands

Atua AI Updates Workflow Logic to Support Expanding Business Demands

May 16, 2025

Press Release

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

May 31, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News