Today we will talk about Bitcoin Mixer, as questions began to be asked about what it is and what it is eaten with after posting a Bitpetite project overview, in which this service is present.
So, let’s go 🙂
What is a Bitcoin Mixer
Nothing more than a service that provides the possibility of truly anonymous transfers of bitcoins.
Thanks to the crypto currency, we have a great way to make transfers, purchases or donations, keeping confidentiality.
However, crypto transactions were never really anonymous or private. All transactions made using crypto-currencies are stored in a decentralized database called a block account and are visible to everyone.
If to take for example blockchain.info — there as you know it is possible to track any movements knowing the transaction number or at least just a purse. And if you allow you to use the crypto currency for the purchase of some kind of product, ultimately you will need to provide your personal data as well as the delivery address. And in this case there can be no more anonymity and speech. Track the chain of transactions will not be very difficult.
Therefore, if you really want to avoid having third parties access your personal data, there are services that allow completely anonymous translations, so-called mixers or toggle switches such as cryptomixer.io, bitmixer.io and many others
How Bitcoin Mixer Works
Bitcoin Mixer, also a bitcoin toggle switch, does one simple thing: accepts transfers to its own separately generated wallet for each user, «mixes» our transactions with many others, exchanging our funds for funds received from a bunch of other users and makes sure that the bitcoin received The transactions are no longer associated with the original senders. Thus, the chain and the connection between the original and the new owner of the beads breaks off and it becomes impossible to track who transferred whom to whom.
Who needs to use coin mixers for what?
If you think that such machinations are interesting only to unscrupulous citizens who need to hide dark things, you are mistaken. It generally should interest each of us.