What is the concept behind Ethereum's Tornado Cash?

3 answers

• Dec 18, 2021 · 3 years ago
  Tornado Cash is a privacy-focused protocol built on the Ethereum blockchain. It allows users to make private transactions by breaking the on-chain link between the sender and the recipient. The concept behind Tornado Cash is to provide a decentralized and trustless way to achieve privacy in Ethereum transactions. It uses smart contracts and zero-knowledge proofs to ensure that the transaction history cannot be traced back to the sender or the recipient. By using Tornado Cash, users can protect their financial privacy and prevent others from tracking their transactions.
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• Dec 18, 2021 · 3 years ago
  Tornado Cash works by using a smart contract called a tornado pool. Users can deposit their Ether into the tornado pool, and in return, they receive a private note called a tornado note. This tornado note represents the deposited Ether and can be used to withdraw the funds later. When a user wants to withdraw their funds, they can do so by submitting the tornado note to the smart contract. The smart contract then verifies the validity of the note and sends the corresponding amount of Ether to the user's specified address. This way, the withdrawal is completely separate from the deposit, providing privacy and unlinkability.
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• Dec 18, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that Tornado Cash is a game-changer for privacy in the Ethereum ecosystem. It addresses the issue of traceability and allows users to transact on the blockchain without revealing their identity. This is crucial for individuals who value their financial privacy and want to protect their transactions from being tracked. Tornado Cash has gained significant traction in the crypto community and is considered one of the most reliable and secure privacy solutions for Ethereum transactions.
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