RATE Group | CoinJoin Dev. Sends Largest-Ever Anonymous Bitcoin Txn
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CoinJoin Dev. Sends Largest-Ever Anonymous Bitcoin Txn

02 Nov CoinJoin Dev. Sends Largest-Ever Anonymous Bitcoin Txn

Posted at 01:14h in Bitcoin News by

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bitcoin privacy anonymous



CoinJoin is a method of anonymizing bitcoins that developer Gregory Maxwell came up with in an effort to help bitcoin users remain anonymous. The idea is simple: when two users both want to make a transaction, if they make the transactions together, their information remains private or at least very hard to discern.

On yesterday’s 10th anniversary of the Bitcoin protocol as an idea (whereas the blockchain did not actually launch until January 2009), a CoinJoin worth over $200,000 took place. The join involved many participants, with the largest transaction in the bunch being nearly half the total volume transacted — 14.8 BTC moved to address bc1qqcrmkvp97ryyvfu3crp6883v5caunq6v2960sc.

The transaction was initiated by Wasabi Wallet developer Adam Ficsor and announced on his Twitter page.

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