Trezor and Wasabi to Implement a Coinjoin Mixing Scheme Into Hardware Wallets

This week, the hardware wallet shaper Trezor, and the non-custodial bitcoin wallet with a built-in Coinjoin mixer, Wasabi, revealed the 2 teams are moving unneurotic to present Coinjoin mixing into hardware wallets. On Sunday, Wasabi tweeted “hardware wallet Coinjoins are coming adjacent twelvemonth with our friends astatine [Trezor].”

Trezor Says Company Is ‘Working connected a Coinjoin Implementation’

According to Trezor and Wasabi, a signifier of Coinjoin mixing is coming to hardware wallets successful the adjacent future. Coinjoin is simply a privacy-enhancing process that is leveraged to anonymize transfers connected a blockchain. Basically, the strategy involves a fig of parties transacting unneurotic and mixing their unspent transaction outputs (UTXOs) successful a excavation to obfuscate the root of each the funds.

On Sunday, Wasabi’s authoritative Twitter relationship tweeted astir adding the privacy-enhancing strategy to hardware wallets. In the thread, idiosyncratic asked Wasabi erstwhile they would merchandise an “album,” and Trezor replied: “Hi, we’re moving connected a Coinjoin implementation, not an album. Thanks for understanding.”

The quality follows the U.S. authorities sanctioning the ethereum (ETH) mixing exertion Tornado Cash, which besides leverages a signifier of Coinjoin and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs) for deposits and withdrawals. In March 2022, reports indicated that immoderate bitcoin unspent transaction outputs (UTXOs) would beryllium censored from Wasabi’s Coinjoin process.

Furthermore, astatine the extremity of February 2022, Chainalysis claimed it could deanonymize Wasabi transactions, aft the writer Laura Shin said she identified the infamous 2016 DAO hacker. Coinjoin applications person been known to person immoderate weaknesses for quite immoderate time and a fewer blockchain mixing schemes person leveraged zero-knowledge proofs similar zk-SNARKs and combinatorial anonymity to marque them stronger.

What bash you deliberation astir Wasabi and Trezor moving unneurotic to present Coinjoin mixing to hardware wallets? Let america cognize what you deliberation astir this taxable successful the comments conception below.