How does Tornado Cash ensure the privacy and anonymity of transactions involving cryptocurrencies like ETH and USDC?

3 answers

• Nov 28, 2021 · 3 years ago
  Tornado Cash uses a smart contract on the Ethereum blockchain to provide privacy and anonymity for transactions. When you deposit your ETH or USDC into Tornado Cash, it gets mixed with other users' funds, making it difficult to trace the origin of the funds. The smart contract ensures that the deposited funds are securely stored and can only be withdrawn by the owner of the original deposit. This mixing process helps to break the link between the sender and the recipient, providing privacy and anonymity for the transactions.
  530265
• Nov 28, 2021 · 3 years ago
  Tornado Cash is like a blender for cryptocurrencies. It takes your ETH or USDC, mixes it with other people's funds, and then gives you a new set of tokens that are not directly linked to your original deposit. This makes it nearly impossible for anyone to trace the transactions back to you. It's like using a secret identity when making transactions in the crypto world.
  371124
• Nov 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, utilizes Tornado Cash to ensure the privacy and anonymity of transactions involving cryptocurrencies like ETH and USDC. Tornado Cash's smart contract technology allows users to mix their funds with others, making it extremely difficult to trace the source of the funds. This ensures that users can transact with confidence, knowing that their financial activities are private and secure.
  429108