Bitcoin ‘anonymization’ is up 300% this year

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Bitcoin ‘anonymization’ is up 300% this year
By Matthew Beedham


Bitcoiners are using cryptocurrency mixers three times more often than they were nine months ago. Mixed cryptocurrency transactions – or CoinJoins – now account for over 4 percent of all Bitcoin transactions, according to a report from blockchain data firm Long Hash. CoinJoin or mixing services group many transactions together before sending the correct amounts to their final destinations. In doing so, it attempts to obscure the connection between the sender and recipient in each transaction. When measured against the total monthly Bitcoin transactions, the number of CoinJoin transactions over the past 30 days is three times the volume it…

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April 30, 2019 at 07:43PM
via The Next Web http://bit.ly/2DQByvZ

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