How does Tornado Cash ensure the privacy of crypto transactions?

3 answers

• Nov 25, 2021 · 3 years ago
  Tornado Cash ensures privacy of crypto transactions through the use of smart contracts on the Ethereum blockchain. When a user deposits their cryptocurrency into the Tornado Cash smart contract, it becomes mixed with other users' funds, making it difficult to trace the original source. This mixing process, known as 'anonymization,' helps to break the link between the sender and receiver, ensuring privacy.
  408204
• Nov 25, 2021 · 3 years ago
  Tornado Cash utilizes zero-knowledge proofs to ensure the privacy of crypto transactions. Zero-knowledge proofs allow the verification of a statement without revealing any additional information. In the case of Tornado Cash, zero-knowledge proofs are used to prove that a user has deposited funds into the smart contract without revealing the specific amount or sender's identity.
  380127
• Nov 25, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has implemented Tornado Cash's privacy features to enhance the privacy of its users' transactions. With Tornado Cash, BYDFi users can enjoy an added layer of privacy and anonymity when conducting crypto transactions. This ensures that their financial activities remain confidential and secure.
  33584