“The reason why Trezor is integrating this is because this is the most advanced CoinJoin protocol out there by far,” he said.
Karo Zagorus, who leads community and reputation management at zkSNACKs, added that the partnership was formed out of talks that began in 2019 and represented “a phenomenal achievement.”
zkSNACKs and those working on Wasabi Wallet say crypto privacy is more important than ever before. This is because, they claim, government surveillance is increasing—and financial transactions eventually could be used to closely monitor what citizens do.
And they toldDecrypt that’s why they are working tirelessly on tools that make Bitcoin, the biggest digital asset, more private. Contrary to popular belief, Bitcoin is easily traceable and therefore not inherently anonymous.
Coin mixers—and crypto privacy in general—have been in the spotlight a lot since the U.S. government sanctioned Tornado Cash last month. The Treasury Department banned Americans from using the coin mixer, which allowed users to make private Ethereum transactions, because it claimed criminals had used it to launder dirty funds.
The crypto community erupted following the news, with Washington, D.C.-based crypto advocacy group Coin Center threatening to challenge the ban in court.
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