RATE Group | What an Uptick in ‘Coinjoins’ Says About Bitcoin’s Value Proposition
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What an Uptick in ‘Coinjoins’ Says About Bitcoin’s Value Proposition

23 Mar What an Uptick in ‘Coinjoins’ Says About Bitcoin’s Value Proposition

Posted at 07:30h in Bitcoin News by

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With the global economy reeling from the coronavirus crisis, bitcoiners are increasingly turning to crypto wallets with privacy features.  

A masking feature called “coinjoin” batches transactions together so it’s harder to identify specific participants. Some refer to it as “mixing,” but others dislike that term for its associations with money laundering.

The bitcoin-centric Samourai Wallet, a suite of apps that operates without the involvement of a central custodian, facilitated more batched transactions so far in March than any other month since the feature was first released on desktop last summer.

According to bitcoin podcaster Matt Odell, the competing Wasabi Wallet is currently the most popular coinjoin option, with 3,769 downloads since March 3, followed by Samourai Wallet then JoinMarket. Odell said Samourai’s addition of Whirlpool mobile support in February 2020 was “a game-changer.”

“Mobile support is a huge step forward in user experience,” Odell said….

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